Opus Genetics, Inc. (IRD) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 13.28% of current shares
Recent Dilution: 138.86% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
87M
Potential Supply
12M
Additional shares possible
Splits
None
Past 2 years

Summary

IRD currently has 86.9M outstanding shares. with limited dilution risk as only 11.5M additional shares (13.3%) are authorized for issuance. The company has significantly diluted shareholders by 138.86% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 86.9M shares outstanding

87M 12M
Mar 13, 2026

S-3 filing: This prospectus relates to the resale or other disposition, from time to time, by the selling stockholders named in this prospectus of up to 7,374,632 shares of our common stock, par value $0.0001 per share, issuable upon the conversion of 7,374,632 shares of Series B Non-Voting Convertible Preferred Stock, par value $0.0001.

71M 27M
Mar 12, 2026

10-K filing | 71.1M shares outstanding

71M 20M
Nov 06, 2025

8-K filing: Opus Genetics, Inc. entered into a securities purchase agreement for a registered direct offering of 3,827,751 shares of common stock and pre-funded warrants to purchase 7,177,033 shares, with gross proceeds expected to be approximately $23.0 million. ($23.0M proceeds)

60M 31M
May 15, 2025

10-Q filing | 59.7M shares outstanding

60M 31M
Apr 08, 2025

S-3/A filing: This S-3/A filing relates to the resale by selling securityholders of up to 19,382,437 shares of common stock in connection with the acquisition of former Opus Genetics Inc.

45M 46M
Mar 31, 2025

10-K filing | 45.5M shares outstanding

45M 46M
Mar 24, 2025

8-K filing: Opus Genetics, Inc. completed a private placement of common stock and warrants with Dr. George Magrath and Cam Gallagher and a public offering of common stock, pre-funded warrants and warrants. ($40.0M proceeds)

32M 59M
Feb 18, 2025

S-3 filing: The filing relates to the issuance of up to 19,382,437 shares of common stock in connection with the acquisition of former Opus Genetics Inc.

32M 59M
Nov 12, 2024

10-Q filing | 31.6M shares outstanding

32M 40M
Aug 13, 2024

10-Q filing | 25.8M shares outstanding

26M 46M
May 10, 2024

10-Q filing | 24.5M shares outstanding

25M 47M
Mar 08, 2024

10-K filing | 24.8M shares outstanding

25M 47M
Jan 10, 2024

S-3 filing: The company may offer and sell up to $175,000,000 of any combination of common stock, preferred stock, debt securities and/or warrants.

22M 49M
Nov 13, 2023

10-Q filing | 22.4M shares outstanding

22M 0
Nov 01, 2023

8-K filing: The Board adopted the First Amendment to the Company's Inducement Plan, increasing the aggregate number of shares of common stock that may be issued pursuant to equity incentive awards under the Inducement Plan by 2,000,000 shares for a total of 2,325,258 shares of common stock. Effective as of November 15, 2023, the document outlines the composition of the committees of the Board.

21M 0
Aug 11, 2023

8-K filing: Ocuphire Pharma, Inc. entered into a common stock purchase agreement with Lincoln Park Capital Fund, LLC, allowing the Company to sell up to $50,000,000 of its common stock over a 30-month term, and issued 246,792 commitment shares to Lincoln Park. ($0.04M proceeds)

21M 0
Aug 11, 2023

10-Q filing | 21.0M shares outstanding

21M 0
May 15, 2023

10-Q filing | 20.9M shares outstanding

21M 0
Mar 30, 2023

10-K filing | 20.6M shares outstanding

21M 0
Nov 04, 2022

10-Q filing | 20.5M shares outstanding

20M 0
Aug 12, 2022

10-Q filing | 19.5M shares outstanding

20M 0
May 13, 2022

10-Q filing | 18.9M shares outstanding

19M 0
Mar 24, 2022

10-K filing | 19.0M shares outstanding

19M 0
Nov 12, 2021

10-Q filing | 16.9M shares outstanding

17M 900K
Aug 12, 2021

10-Q filing | 16.9M shares outstanding

17M 930K
Jun 23, 2021

8-K filing: Ocuphire Pharma, Inc. entered into a License Agreement with Processa Pharmaceuticals, Inc. where Ocuphire granted Processa an exclusive license to develop, manufacture and commercialize RX-3117 globally, excluding China, in exchange for 44,689 shares of Processa common stock and a $200,000 cash payment.

11M 6.9M
Jun 04, 2021

8-K filing: Ocuphire Pharma, Inc. entered into a registered direct offering, selling 3,076,923 shares of common stock and warrants to purchase 1,538,461 shares at $4.875 per share and 0.50 warrants, for gross proceeds of approximately $15,000,000. ($15.0M proceeds)

11M 6.9M
May 07, 2021

10-Q filing | 10.9M shares outstanding

11M 6.9M
Mar 11, 2021

10-K filing | 2.9M shares outstanding

2.9M 15M
Feb 11, 2021

S-3/A filing: This is an S-3/A filing to replace Exhibit 5.1 to the Registration Statement and does not modify any provision of the prospectus.

11M 7M
Feb 04, 2021

S-3 filing: The filing is for a shelf offering of common stock, preferred stock, and debt securities, as well as an offering of common stock by selling stockholders.

11M 7M
Feb 04, 2021

8-K filing: Ocuphire Pharma, Inc. entered into Waiver Agreements with Holders to waive certain rights, finalize the exercise price and number of Series A Warrants and Series B Warrants, eliminate certain financing restrictions, extend the term of certain leak-out agreements, and grant certain registration rights for the shares underlying the Warrants.

11M 7M
Nov 25, 2020

8-K filing: Ocuphire Pharma, Inc. issued Series A Warrants exercisable for 5,665,838 shares at $4.4795 per share and Series B Warrants exercisable for 665,837 shares at $0.0001 per share on November 19, 2020, pursuant to the Pre-Merger Financing.

11M 0
Nov 06, 2020
Stock Split

8-K filing: Ocuphire Pharma, Inc. completed a 1-for-4 reverse stock split on November 5, 2020, and also completed a pre-merger financing of approximately $21,150,000 involving the issuance of Ocuphire common stock that converts into approximately 1,249,996 shares of common stock and the deposit of additional shares into escrow that convert into approximately 3,749,992 shares of Common Stock after the merger, along with warrants to purchase Common Stock. ($21.15M proceeds)

1.1M 0
Oct 29, 2020

10-Q filing | 4.5M shares outstanding

4.5M 0
Sep 11, 2020

8-K filing: Rexahn Pharmaceuticals, Inc. entered into Warrant Exchange Agreements with Empery Asset Master, Ltd., Empery Tax Efficient, LP, and Empery Tax Efficient II, LP, issuing an aggregate of 16,324, 9,081 and 30,774 shares of Common Stock to EAM, ETE and ETE II, respectively, in exchange for the surrender and cancellation of warrants.

4.2M 0
Sep 02, 2020

8-K filing: Rexahn Pharmaceuticals, Inc. entered into a Warrant Exchange Agreement with Anson Investments Master Fund LP, issuing 192,878 shares of Common Stock in exchange for the surrender and cancellation of warrants to purchase 62,500, 44,192, 160,257 and 145,502 shares of common stock.

4.2M 0
Aug 14, 2020

10-Q filing | 4.2M shares outstanding

4.2M 0
Aug 03, 2020

8-K filing: Rexahn Pharmaceuticals, Inc. entered into a Warrant Exchange Agreement with Armistice Capital Master Fund Ltd. On August 3, 2020, the Company is issuing to Armistice an aggregate of 215,000 shares of Common Stock in exchange for the surrender and cancellation of the Warrants.

4M 0
May 07, 2020

10-Q filing | 4.0M shares outstanding

4M 0
Feb 21, 2020

10-K filing | 4.0M shares outstanding

4M 0
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