MiNK Therapeutics, Inc. (INKT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 273.94% of current shares
Recent Dilution: 55.64% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
4.8M
Potential Supply
13M
Additional shares possible
Splits
None
Past 2 years

Summary

INKT currently has 4.8M outstanding shares. with significant dilution risk as 13.1M authorized shares could dilute existing holders by 273.9%. The company has significantly diluted shareholders by 55.64% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 4.8M shares outstanding

4.8M 13M
Mar 31, 2026

10-K filing | 5.0M shares outstanding

5M 13M
Dec 10, 2025

S-3/A filing: MiNK Therapeutics, Inc. files an S-3/A to offer common stock, preferred stock, debt securities, warrants, or units up to an aggregate amount of $150,000,000.

4.6M 13M
Nov 14, 2025

10-Q filing | 4.4M shares outstanding

4.4M 9.3M
Nov 07, 2025

S-3 filing: MiNK Therapeutics, Inc. is filing an S-3 to offer common stock, preferred stock, and debt securities for a total aggregate price of $150,000,000.

4M 9.3M
Aug 14, 2025

10-Q filing | 4.5M shares outstanding

4.5M 9.3M
May 15, 2025

10-Q filing | 4.0M shares outstanding

4M 9.3M
Mar 18, 2025

10-K filing | 3.8M shares outstanding

3.8M 9.3M
Nov 14, 2024

10-Q filing | 39.5M shares outstanding

40M 9.3M
Aug 13, 2024

10-Q filing | 37.1M shares outstanding

37M 9.3M
Aug 13, 2024

S-3 filing: This S-3 filing relates to the potential sale of 4,640,000 shares of common stock by a selling stockholder.

35M 9.3M
May 16, 2024

8-K filing: MiNK Therapeutics, Inc. issued and sold 4,640,000 shares of Common Stock at $1.25 per share to an investor, receiving net proceeds of approximately $5.8 million, and the transaction closed on May 14, 2024. ($0.0M proceeds)

35M 4.7M
May 14, 2024

10-Q filing | 34.6M shares outstanding

35M 4.7M
Mar 21, 2024

10-K filing | 34.4M shares outstanding

34M 4.7M
Nov 14, 2023

10-Q filing | 34.5M shares outstanding

34M 4.7M
Aug 10, 2023

10-Q filing | 34.4M shares outstanding

34M 4.7M
May 11, 2023

10-Q filing | 34.0M shares outstanding

34M 4.7M
Mar 24, 2023

10-K filing | 33.7M shares outstanding

34M 4.7M
Nov 03, 2022

S-3 filing: MiNK Therapeutics, Inc. files an S-3 registration statement to offer common stock, preferred stock, warrants, debt securities, and units for an aggregate initial offering price not to exceed $50,000,000.

34M 4.7M
Nov 03, 2022

10-Q filing | 33.8M shares outstanding

34M 4.7M
Aug 15, 2022

10-Q filing | 33.6M shares outstanding

34M 4.7M
May 13, 2022

10-Q filing | 33.6M shares outstanding

34M 4.7M
Mar 18, 2022

10-K filing | 33.6M shares outstanding

34M 4.7M
Nov 29, 2021

10-Q filing | 33.5M shares outstanding

34M 4.7M
Oct 12, 2021

S-1/A filing: MiNK Therapeutics, Inc. is offering 4,000,000 shares of common stock in an initial public offering. The initial public offering price is expected to be between $12.00 and $14.00 per share.

N/A 4.7M
Sep 14, 2021

S-1 filing: MiNK Therapeutics, Inc. is offering shares of common stock in an initial public offering. The initial public offering price is expected to be between a range. Agenus Inc. will continue to own a majority of the voting power following the completion of this offering.

N/A 0
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