Inmune Bio, Inc. (INMB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 129.85% of current shares
Recent Dilution: 43.66% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
27M
Potential Supply
35M
Additional shares possible
Splits
None
Past 2 years

Summary

INMB currently has 26.6M outstanding shares. with significant dilution risk as 34.5M authorized shares could dilute existing holders by 129.9%. The company has significantly diluted shareholders by 43.66% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 26.6M shares outstanding

27M 35M
Mar 30, 2026

10-K filing | 24.8M shares outstanding

25M 36M
Dec 23, 2025

8-K filing: INmune Bio Inc. amended its April 2024 warrants, reducing the exercise price to $1.95 and extending the term to June 30, 2026, in exchange for $0.05 per warrant, resulting in aggregate proceeds of $67,416. ($0.07M proceeds)

27M 35M
Oct 30, 2025

10-Q filing | 26.6M shares outstanding

27M 35M
Aug 07, 2025

10-Q filing | 26.6M shares outstanding

27M 35M
Jun 30, 2025

8-K filing: INmune Bio, Inc. completed a registered direct offering on June 30, 2025, selling 3,000,000 shares of common stock at $6.30 per share, resulting in gross proceeds of approximately $18.9 million. ($18.9M proceeds)

22M 39M
May 08, 2025

10-Q filing | 22.5M shares outstanding

22M 39M
Mar 27, 2025

10-K filing | 22.9M shares outstanding

23M 38M
Oct 31, 2024

10-Q filing | 20.2M shares outstanding

20M 41M
Aug 02, 2024

S-3/A filing: INMUNE BIO Inc. is offering common stock, preferred stock, warrants, or a combination of these securities, or units, up to a total offering price of $250,000,000.

20M 41M
Aug 01, 2024

10-Q filing | 19.3M shares outstanding

19M 12M
May 09, 2024

10-Q filing | 18.0M shares outstanding

18M 13M
May 01, 2024

S-3 filing: INMUNE BIO Inc. is filing an S-3 to offer common stock, preferred stock, warrants, or a combination of these securities, or units, up to a total offering price of $250,000,000.

20M 11M
Mar 28, 2024

10-K filing | 18.0M shares outstanding

18M 13M
Nov 01, 2023

10-Q filing | 18.0M shares outstanding

18M 13M
Aug 07, 2023

10-Q filing | 17.9M shares outstanding

18M 13M
Jul 27, 2023

8-K filing: CTI Holdings, Inc. terminated its Rule 10b5-1 plan for trading 60,000 shares of the company's common stock on July 26, 2023. The plan was originally established on November 16, 2022.

18M 13M
May 03, 2023

10-Q filing | 17.9M shares outstanding

18M 13M
Mar 02, 2023

10-K filing | 17.9M shares outstanding

18M 13M
Nov 02, 2022

10-Q filing | 17.9M shares outstanding

18M 13M
Aug 03, 2022

10-Q filing | 17.9M shares outstanding

18M 13M
May 05, 2022

10-Q filing | 17.9M shares outstanding

18M 13M
Mar 24, 2022

8-K filing: INmune Bio, Inc. sold 82,900 shares of its common stock at a price of $8.43 per share for gross proceeds of $698,847. ($0.7M proceeds)

18M 13M
Mar 03, 2022

10-K filing | 17.9M shares outstanding

18M 13M
Nov 03, 2021

10-Q filing | 17.8M shares outstanding

18M 13M
Sep 07, 2021

S-3 filing: This prospectus relates to the public offering of up to 192,533 shares of our common stock by the selling stockholder which is comprised of shares of Common Stock issued to Xencor, Inc.

18M 13M
Aug 04, 2021

10-Q filing | 17.7M shares outstanding

18M 13M
Jun 15, 2021

8-K filing: INmune Bio, Inc. issued 192,533 shares of common stock to Xencor in exchange for cancellation of an option, and also issued warrants to purchase 45,386 shares of common stock to lenders in connection with a loan agreement. ($3.3M proceeds)

15M 16M
May 05, 2021

10-Q filing | 14.9M shares outstanding

15M 16M
Apr 09, 2021

S-3 filing: This prospectus relates to the public offering of up to 1,693,000 shares of common stock INmune Bio Inc. by the selling stockholder.

15M 16M
Mar 12, 2021

S-3 filing: Inmune Bio, Inc. files an S-3 to offer common stock, preferred stock, warrants, or a combination of these securities, or units, for an aggregate initial offering price of up to $250,000,000.

8.9M 20M
Mar 04, 2021

10-K filing | 14.9M shares outstanding

15M 0
Nov 05, 2020

10-Q filing | 13.4M shares outstanding

13M 0
Aug 05, 2020

10-Q filing | 10.8M shares outstanding

11M 0
May 14, 2020

10-Q filing | 10.8M shares outstanding

11M 0
Apr 14, 2020

POS AM filing: This prospectus relates to the sale or other disposition from time to time of up to 1,071,000 shares of our common stock by the selling stockholder Lincoln Park Capital Fund, LLC.

11M 0
Mar 24, 2020

S-3 filing: INMUNE BIO, Inc. may offer common stock, preferred stock, warrants, or a combination of these securities, or units, for an aggregate initial offering price of up to $100,000,000.

3.8M 7M
Mar 11, 2020

10-K filing | 10.7M shares outstanding

11M 0
Jan 27, 2020

8-K filing: INmune Bio, Inc. entered into a Repurchase Agreement to purchase 220,000 shares of its common stock from Linda F. Powers at $4.60 per share, for a total purchase price of $1,012,000. ($1.01M proceeds)

N/A 0
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