LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 57.64% of current shares
Recent Dilution: 14.32% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
61M
Potential Supply
35M
Additional shares possible
Splits
None
Past 2 years

Summary

LIND currently has 61.1M outstanding shares. with significant dilution risk as 35.2M authorized shares could dilute existing holders by 57.6%. The company has diluted shareholders by 14.32% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 61.1M shares outstanding

61M 35M
Nov 04, 2025

10-Q filing | 55.6M shares outstanding

56M 41M
May 06, 2025

10-Q filing | 54.6M shares outstanding

55M 42M
Feb 28, 2025

10-K filing | 53.8M shares outstanding

54M 43M
Nov 05, 2024

10-Q filing | 54.1M shares outstanding

54M 42M
Aug 08, 2024

10-Q filing | 53.5M shares outstanding

54M 43M
Aug 01, 2024

S-1 filing: This S-1 filing relates to the possible offer and resale of up to 682,593 shares of common stock by the selling stockholder.

54M 43M
May 01, 2024

10-Q filing | 53.4M shares outstanding

53M 42M
Apr 12, 2024

8-K filing: Lindblad Expeditions Holdings, Inc. purchased 194 shares of Natural Habitat, Inc. from Ben Bressler for $15,171,664. ($15.17M proceeds)

53M 42M
Mar 06, 2024

S-3 filing: The company may offer and sell from time to time up to $300 million of any combination of debt securities, shares of common stock, shares of preferred stock, warrants, subscription rights, securities purchase contracts and units.

53M 42M
Mar 06, 2024

10-K filing | 53.3M shares outstanding

53M 42M
Nov 02, 2023

10-Q filing | 53.3M shares outstanding

53M 9.1M
Jul 27, 2023

10-Q filing | 53.2M shares outstanding

53M 9.2M
May 03, 2023

10-Q filing | 53.1M shares outstanding

53M 9.3M
Mar 10, 2023

10-K filing | 52.0M shares outstanding

52M 10M
Nov 02, 2022

10-Q filing | 53.0M shares outstanding

53M 9.4M
Aug 02, 2022

10-Q filing | 51.2M shares outstanding

51M 11M
May 05, 2022

10-Q filing | 50.8M shares outstanding

51M 12M
Feb 28, 2022

10-K filing | 50.1M shares outstanding

50M 12M
Nov 02, 2021

10-Q filing | 50.1M shares outstanding

50M 12M
Aug 04, 2021

10-Q filing | 50.1M shares outstanding

50M 12M
Apr 30, 2021

10-Q filing | 49.9M shares outstanding

50M 13M
Mar 12, 2021

10-K filing | 49.7M shares outstanding

50M 13M
Oct 30, 2020

10-Q filing | 49.8M shares outstanding

50M 13M
Sep 22, 2020

S-3 filing: This S-3 filing relates to the possible offer and resale of up to 12,810,143 shares of common stock issuable upon conversion of Series A Convertible Preferred Stock by selling stockholders.

50M 13M
Aug 31, 2020

8-K filing: Lindblad Expeditions Holdings, Inc. completed the issuance and sale of 85,000 shares of 6.0% Series A Convertible Preferred Stock.

50M 0
Aug 27, 2020

8-K filing: Lindblad Expeditions Holdings, Inc. entered into an Investment Agreement to issue and sell 85,000 shares of 6.0% Series A Convertible Preferred Stock at $1,000 per share for $85 million in gross proceeds. ($85.0M proceeds)

50M 0
Aug 10, 2020

10-Q filing | 49.7M shares outstanding

50M 0
Jun 05, 2020

S-3/A filing: This is an S-3/A filing to register an indeterminate amount of debt securities, common stock, preferred stock, warrants, subscription rights, securities purchase contracts, or units with a proposed aggregate offering price of $300 million to be offered on a delayed or continuous basis pursuant to Rule 415.

50M 0
Jun 01, 2020

S-3 filing: This is an S-3 filing to register an indeterminate amount of debt securities, common stock, preferred stock, warrants, subscription rights, securities purchase contracts, or units up to an aggregate offering price of $300,000,000 to be offered on a delayed or continuous basis pursuant to Rule 415.

50M 0
May 06, 2020

10-Q filing | 49.6M shares outstanding

50M 0
Feb 26, 2020

10-K filing | 49.4M shares outstanding

49M 0
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