LandBridge Co LLC (LB) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
LB currently has 25.3M outstanding shares. with significant dilution risk as 16.7M authorized shares could dilute existing holders by 65.8%. The company has significantly diluted shareholders by 576.61% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Nov 12, 2025 |
10-Q filing | 25.3M shares outstanding |
25M | 17M |
| May 08, 2025 |
10-Q filing | 23.3M shares outstanding |
23M | 17M |
| Mar 12, 2025 |
POS AM filing: This POS AM filing registers 56,412,904 Class A shares for potential offering by selling shareholders, with 76,448,597 Class A shares to be outstanding after the offering. |
76M | 17M |
| Mar 06, 2025 |
10-K filing | 23.3M shares outstanding |
23M | 76M |
| Dec 31, 2024 |
S-1 filing: This S-1 filing registers the offering of 59,058,271 Class A shares by selling shareholders, with 76,483,271 Class A shares outstanding after the offering. The company intends to pay dividends on Class A shares as determined by the board. |
76M | 76M |
| Nov 22, 2024 |
8-K filing: LandBridge Company LLC's subsidiary, DBR Land LLC, entered into a Purchase and Sale Agreement to acquire approximately 46,000 surface acres in Texas for $245 million, and simultaneously entered into Common Shares Purchase Agreements to sell 5,830,419 Class A shares at $60.03 per share for $350 million in gross proceeds to partially fund the acquisition and repurchase OpCo Units. ($350.0M proceeds) |
17M | 17M |
| Nov 07, 2024 |
10-Q filing | 17.4M shares outstanding |
17M | 17M |
| Aug 08, 2024 |
10-Q filing | 17.4M shares outstanding |
17M | 17M |
| Jul 03, 2024 |
8-K filing: LandBridge Holdings completed an offering of Class A shares and a concurrent private placement, utilizing the proceeds for OpCo and debt repayment, while also establishing agreements related to registration rights, limited liability company operations, shareholder rights, and shared services. ($0.0M proceeds) |
N/A | 17M |
| Jun 27, 2024 |
S-1/A filing: This is a preliminary prospectus for the initial public offering of Class A shares representing limited liability company interests of LandBridge Company LLC. |
N/A | 17M |
| Jun 26, 2024 |
S-1/A filing: This S-1/A filing outlines the expenses associated with the issuance and distribution of Class A shares. It also discusses indemnification agreements for directors and officers. |
N/A | 15M |
| Jun 24, 2024 |
S-1/A filing: Initial public offering of Class A shares representing limited liability company interests of LandBridge Company LLC. |
N/A | 15M |
| Jun 17, 2024 |
S-1/A filing: This is a preliminary prospectus for the initial public offering of Class A shares of LandBridge Company LLC. |
N/A | 17M |
| May 31, 2024 |
S-1 filing: This is a preliminary prospectus for the initial public offering of Class A shares of LandBridge Company LLC. |
N/A | 0 |