LENZ Therapeutics, Inc. (LENZ) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
LENZ currently has 31.4M outstanding shares. with significant dilution risk as 21.6M authorized shares could dilute existing holders by 69.0%. The company has diluted shareholders by 21.21% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 11, 2026 |
10-Q filing | 31.4M shares outstanding |
31M | 22M |
| Mar 24, 2026 |
10-K filing | 28.8M shares outstanding |
29M | 22M |
| Nov 05, 2025 |
10-Q filing | 28.5M shares outstanding |
29M | 22M |
| Oct 08, 2025 |
8-K filing: On October 7, 2025, the Company sold 1,748,634 shares of common stock at a purchase price of $45.75 per share for gross proceeds of approximately $80,000,000 in a block trade to a single investor under the Company's "at the market" Sales Agreement with TD Securities (USA) LLC. ($80.0M proceeds) |
28M | 22M |
| May 07, 2025 |
10-Q filing | 27.5M shares outstanding |
28M | 22M |
| Apr 04, 2025 |
S-3 filing: This S-3 filing pertains to an offering of 13,070,093 shares of Common Stock, consisting of (i) 12,922,451 shares of Common Stock held by the selling securityholders and (ii) 147,642 shares of Common Stock issuable upon the exercise of outstanding warrants held by the selling securityholders. The company will not receive any proceeds from the sale of these shares. |
28M | 22M |
| Apr 04, 2025 |
POS AM filing: This POS AM filing relates to the offering of 1,578,947 shares of common stock issued in the July 2024 PIPE Financing, which were initially registered in the Initial Registration Statement. No new shares are being registered hereunder, and the company will not receive any proceeds from the sale of these shares. |
28M | 22M |
| Apr 04, 2025 |
POS AM filing: This POS AM filing registers 1,022,809 shares of common stock issued in a PIPE financing, with no proceeds going to the company. The filing also notes that as of December 31, 2024, there were 27,531,490 shares of common stock outstanding. |
28M | 22M |
| Apr 04, 2025 |
S-3 filing: S-3 filing for an at-the-market offering of common stock with an aggregate offering price of up to $150,000,000. |
28M | 22M |
| Mar 19, 2025 |
10-K filing | 27.5M shares outstanding |
28M | 4.9M |
| Nov 06, 2024 |
10-Q filing | 27.2M shares outstanding |
27M | 4.9M |
| Sep 11, 2024 |
S-1 filing: This prospectus relates to the resale by the selling stockholder of 1,578,947 shares of common stock that were sold and issued to the selling stockholder in a private placement pursuant to a stock purchase agreement, dated July 14, 2024, which closed on July 17, 2024. We will not receive any of the proceeds from the sale of the securities by the selling stockholder. |
26M | 4.9M |
| Aug 14, 2024 |
10-Q filing | 25.6M shares outstanding |
26M | 3.4M |
| Jul 15, 2024 |
8-K filing: LENZ Therapeutics, Inc. entered into a Stock Purchase Agreement for a private placement with Ridgeback Capital Investment, L.P. to sell 1,578,947 shares of common stock at $19.00 per share, with gross proceeds of approximately $30.0 million, expected to close on July 17, 2024. ($30.0M proceeds) |
26M | 3.4M |
| May 08, 2024 |
10-Q filing | 25.5M shares outstanding |
26M | 3.4M |
| Apr 09, 2024 |
S-1/A filing: This prospectus relates to the resale by certain selling securityholders of 1,297,411 shares of common stock issued in the PIPE Financing. The company will not receive any proceeds from the sale of these shares. |
26M | 3.4M |
| Mar 29, 2024 |
S-1 filing: This S-1 filing registers the resale of 1,297,411 shares of common stock by selling securityholders. |
26M | 3.4M |
| Mar 21, 2024 |
Stock Split
8-K filing: Stock split 1:7 | Outstanding: 57,015,159 → 25,533,533 |
26M | 2.1M |
| Feb 27, 2024 |
10-K filing | 57.0M shares outstanding |
57M | 14M |
| Nov 13, 2023 |
10-Q filing | 57.3M shares outstanding |
57M | 14M |
| Aug 14, 2023 |
10-Q filing | 56.7M shares outstanding |
57M | 14M |
| May 11, 2023 |
10-Q filing | 55.9M shares outstanding |
56M | 14M |
| Mar 20, 2023 |
10-K filing | 54.9M shares outstanding |
55M | 14M |
| Nov 09, 2022 |
10-Q filing | 55.2M shares outstanding |
55M | 14M |
| Aug 11, 2022 |
10-Q filing | 54.6M shares outstanding |
55M | 14M |
| Jul 21, 2022 |
S-3 filing: The filing is for a shelf offering of common stock, preferred stock, and debt securities with an aggregate principal amount of up to $300,000,000. |
58M | 14M |
| May 12, 2022 |
10-Q filing | 58.0M shares outstanding |
58M | 14M |
| Mar 21, 2022 |
10-K filing | 58.0M shares outstanding |
58M | 14M |
| Nov 10, 2021 |
10-Q filing | 58.1M shares outstanding |
58M | 14M |
| Aug 12, 2021 |
10-Q filing | 58.1M shares outstanding |
58M | 14M |
| Jun 22, 2021 |
S-1/A filing: This is an S-1/A filing for an IPO of common stock with 12,500,000 shares offered, and an underwriter over-allotment option of 1,875,000 shares. The company estimates net proceeds of $182.7 million, or $210.6 million if the over-allotment is exercised, assuming an IPO price of $16.00 per share. |
42M | 14M |
| Jun 21, 2021 |
S-1/A filing: This S-1/A filing outlines an offering of common stock, with 12,500,000 shares offered initially and an additional 1,875,000 shares available through an underwriter's over-allotment option, and intends to use the net proceeds from this offering, including our existing cash and cash equivalents, to fund our clinical development of GPH101 for the treatment of SCD, GPH201 for the treatment of XSCID and GPH301 for the treatment of Gaucher disease, to fund our current discovery programs in CCR5 and alpha globin, and for working capital and general corporate purposes. |
42M | 27M |
| Jun 11, 2021 |
S-1/A filing: This S-1/A filing relates to an offering of common stock, with the number of shares and price per share to be determined. The company intends to use the net proceeds from this offering to fund clinical development, discovery programs, and for working capital and general corporate purposes. |
100M | 0 |
| Jun 04, 2021 |
S-1 filing: This S-1 filing includes information about a proposed offering of common stock, the use of proceeds from the offering, risk factors, and summary financial data. |
100M | 0 |