Liminatus Pharma, Inc. (LIMN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: July 06, 2026

Risk Assessment Details

Potential Dilution: 45.4% of current shares
Recent Dilution: 82.75% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
51M
Potential Supply
23M
Additional shares possible
Splits
None
Past 2 years

Summary

LIMN currently has 50.6M outstanding shares. with moderate dilution risk from 23M authorized shares representing 45.4% potential dilution. The company has significantly diluted shareholders by 82.75% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jul 06, 2026

8-K filing: Liminatus Pharma, Inc. entered into an Amended and Restated Merger Agreement to acquire InnocsAI LLC, issuing 11,188,729 shares of common stock and 158,881.1271 shares of Series A Non-Voting Convertible Preferred Stock as consideration.

51M 23M
Jun 24, 2026

S-1 filing: This prospectus relates to the potential resale of up to 20,688,000 shares of common stock issuable upon the exercise of warrants by the Selling Stockholder.

51M 23M
May 15, 2026

10-Q filing | 44.9M shares outstanding

45M 8M
Mar 31, 2026

10-K filing | 44.9M shares outstanding

45M 8M
Nov 14, 2025

10-Q filing | 27.0M shares outstanding

27M 26M
Oct 06, 2025

10-Q filing | 26.0M shares outstanding

26M 27M
Jul 17, 2025

8-K filing: Liminatus Pharma, Inc. issued 350,000 shares of its common stock to Alta Partners, LLC in exchange for the surrender and cancellation of 1,000,000 warrants.

26M 27M
Jun 24, 2025

S-1 filing: Liminatus Pharma, Inc. is registering for resale by certain selling securityholders up to 21,154,961 shares of common stock and the issuance by them of up to 6,900,000 shares of Common Stock that are issuable upon the exercise of the public warrants.

26M 27M
Jun 02, 2025

10-Q filing | 26.0M shares outstanding

26M 0
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