KIORA PHARMACEUTICALS INC (KPRX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 18, 2026

Risk Assessment Details

Potential Dilution: 391.51% of current shares
Recent Dilution: 35.68% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
4.2M
Potential Supply
16M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

KPRX currently has 4.17M outstanding shares. with significant dilution risk as 16.3M authorized shares could dilute existing holders by 391.5%. The company has significantly diluted shareholders by 35.68% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 18, 2026

S-3 filing: The company is registering for resale by selling stockholders an aggregate of 11,797,088 shares of common stock, including shares issued in a private placement and shares underlying pre-funded and Tranche A-1 and A-2 warrants.

4.2M 16M
May 08, 2026

10-Q filing | 4.2M shares outstanding

4.2M 4.5M
Apr 07, 2026

8-K filing: Kiora Pharmaceuticals, Inc. completed a private placement on April 6, 2026, issuing shares and warrants to institutional investors for gross proceeds of approximately $5.0 million and potential future warrant exercise gross proceeds of approximately $19.0 million. ($5.0M proceeds)

4.1M 4.6M
Mar 25, 2026

10-K filing | 4.1M shares outstanding

4.1M 4.6M
Nov 07, 2025

10-Q filing | 3.7M shares outstanding

3.7M 5M
Aug 08, 2025

10-Q filing | 3.4M shares outstanding

3.4M 5.3M
May 09, 2025

10-Q filing | 3.0M shares outstanding

3M 5.7M
Mar 25, 2025

10-K filing | 3.0M shares outstanding

3M 5.7M
Nov 08, 2024

10-Q filing | 3.0M shares outstanding

3M 5.7M
Aug 09, 2024

10-Q filing | 3.0M shares outstanding

3M 5.8M
Jun 11, 2024
Stock Split

8-K filing: Stock split 1-for-9 | Outstanding: 25,936,163 → 2,970,568

3M 5.8M
May 10, 2024

10-Q filing | 25.9M shares outstanding

26M 53M
Mar 25, 2024

10-K filing | 26.3M shares outstanding

26M 52M
Feb 28, 2024

S-3 filing: The filing is an S-3 registration statement for the resale of 76,528,829 shares of common stock by selling stockholders.

7.1M 71M
Feb 01, 2024

8-K filing: Kiora Pharmaceuticals, Inc. entered into a securities purchase agreement to issue and sell 15,800,000 shares of common stock, pre-funded warrants to purchase up to 11,354,237 shares of common stock, Tranche A warrants to purchase up to 24,687,295 shares of common stock, and Tranche B warrants to purchase up to 24,687,295 shares of common stock for gross proceeds of approximately $15.0 million and potential future warrant exercise gross proceeds of approximately $30.0 million. ($15.0M proceeds)

7.1M 0
Nov 09, 2023

10-Q filing | 7.1M shares outstanding

7.1M 0
Aug 08, 2023

10-Q filing | 7.2M shares outstanding

7.2M 0
Jun 06, 2023

8-K filing: Kiora Pharmaceuticals closed a public offering on June 6, 2023, issuing common stock, preferred stock, and warrants, with net proceeds of approximately $5.6 million; also filed a Certificate of Designation for Series F Convertible Preferred Stock.

6.3M 0
Jun 01, 2023

S-1/A filing: This is an S-1/A filing for an offering of common stock, Series F Preferred Stock, Class C Warrants, and Class D Warrants. The company intends to use the net proceeds from this offering to support its operations, including for clinical trials, for working capital and for other general corporate purposes.

2M 5.1M
May 12, 2023

S-1/A filing: This S-1/A filing includes information on the offering of 5,905,512 shares of common stock, 15,000 shares of Series F Preferred Stock convertible into common stock, and warrants to purchase up to 2,952,756 shares of common stock.

2M 8.8M
May 09, 2023

10-Q filing | 1.9M shares outstanding

1.9M 120K
Mar 23, 2023

10-K filing | 1.9M shares outstanding

1.9M 64K
Feb 03, 2023

8-K filing: Kiora Pharmaceuticals entered into a securities purchase agreement with Lincoln Park Capital Fund, LLC for the issuance and sale of 52,798 shares of common stock and warrants to purchase up to 105,596 shares, and also entered into a purchase agreement with Lincoln Park for the potential sale of up to $10.0 million of common stock over a 36-month period. ($0.2M proceeds)

1.1M 900K
Feb 03, 2023

S-1 filing: This S-1 filing relates to the offer and sale of up to 1,052,798 shares of common stock by the selling stockholder, Lincoln Park Capital Fund, LLC.

1.8M 130K
Dec 22, 2022

S-1 filing: Registration for resale of 654,610 shares of common stock issuable upon exercise of warrants issued in a private placement.

1.1M 0
Nov 21, 2022
Stock Split

8-K filing: Kiora Pharmaceuticals consummated a registered public offering on July 26, 2022, issuing shares of common stock, preferred stock, and warrants, and on November 17, 2022, the company entered into warrant exercise inducement letters, expecting to receive $3.12 million in gross proceeds. ($3.12M proceeds)

1.1M 0
Nov 09, 2022

10-Q filing | 1.1M shares outstanding

1.1M 0
Aug 12, 2022

10-Q filing | 13.1M shares outstanding

13M 22M
Jul 26, 2022

8-K filing: Kiora Pharmaceuticals closed a public offering on July 26, 2022, issuing and selling 23,695,697 shares of common stock, 1,280 shares of Series E Convertible Preferred Stock, 30,095,697 Class A Warrants, and 30,095,697 Class B Warrants, with net proceeds to the company of approximately $5.3 million.

13M 22M
Jul 21, 2022

S-1/A filing: This S-1/A filing includes an offering of common stock, Series E Preferred Stock convertible into common stock, Class A Warrants and Class B Warrants, with the intention to use the net proceeds for operations, including clinical trials, working capital and other general corporate purposes.

13M 22M
Jul 19, 2022

S-1/A filing: This S-1/A filing includes information about common stock, Series E Convertible Preferred Stock, and warrants to purchase common stock, along with details on voting rights, dividends, liquidation rights, and other rights and preferences. The offering involves 26,170,172 shares of common stock, 6,950.80 shares of Series E Preferred Stock convertible into 26,170,172 shares of common stock, and warrants to purchase up to 26,170,172 shares of common stock.

13M 54M
Jul 13, 2022

S-1/A filing: This S-1/A filing registers the offering of common stock, Series E Preferred Stock convertible into common stock, and warrants to purchase common stock.

13M 58M
Jul 08, 2022

10-Q filing | 13.1M shares outstanding

13M 0
May 03, 2022

S-1 filing: The filing is an S-1 form for an offering of common stock, Series E Convertible Preferred Stock, and warrants.

13M 0
Apr 15, 2022

10-K filing | 12.7M shares outstanding

13M 0
Nov 15, 2021

10-Q filing | 12.6M shares outstanding

13M 0
Aug 12, 2021

10-Q filing | 7.1M shares outstanding

7.1M 3.9M
Aug 10, 2021

8-K filing: EyeGate Pharmaceuticals, Inc. sold 4,668,844 shares of common stock at $2.3025 per share and unregistered warrants to purchase up to 2,334,422 shares of common stock at an exercise price of $2.24 per share in a registered direct offering, with gross proceeds expected to be approximately $10.75 million. ($10.75M proceeds)

7.1M 3.9M
May 12, 2021

10-Q filing | 7.1M shares outstanding

7.1M 3.9M
Apr 16, 2021

S-3 filing: This S-3 filing relates to the possible resale of 3,931,112 shares of common stock by selling stockholders.

7.1M 3.9M
Mar 25, 2021

10-K filing | 7.1M shares outstanding

7.1M 0
Jan 06, 2021

8-K filing: EyeGate Pharmaceuticals, Inc. entered into a Securities Purchase Agreement to issue 1,531,101 shares of its common stock and warrants to purchase 1,531,101 shares of common stock to Armistice Capital Master Fund, Ltd. in a private placement for a combined purchase price of $5.225 per Share and Warrant.

4.6M 0
Nov 09, 2020

10-Q filing | 4.6M shares outstanding

4.6M 0
Aug 06, 2020

10-Q filing | 4.6M shares outstanding

4.6M 0
May 06, 2020

10-Q filing | 4.5M shares outstanding

4.5M 0
Mar 04, 2020

10-K filing | 4.6M shares outstanding

4.6M 0
Dec 31, 2019

8-K filing: EyeGate Pharmaceuticals, Inc. entered into a Securities Purchase Agreement for the issuance of 500,000 shares of common stock at $10.00 per share, with expected total gross proceeds of $5.0 million. ($5.0M proceeds)

N/A 0
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