LIQTECH INTERNATIONAL INC (LIQT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 8.13% of current shares
Recent Dilution: 66.9% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
9.8M
Potential Supply
800K
Additional shares possible
Splits
None
Past 2 years

Summary

LIQT currently has 9.85M outstanding shares. with limited dilution risk as only 801K additional shares (8.1%) are authorized for issuance. The company has significantly diluted shareholders by 66.9% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 9.8M shares outstanding

9.8M 800K
Aug 13, 2025

10-Q filing | 9.6M shares outstanding

9.6M 1M
May 14, 2025

10-Q filing | 9.6M shares outstanding

9.6M 1M
Mar 28, 2025

10-K filing | 9.5M shares outstanding

9.5M 1.2M
Nov 14, 2024

10-Q filing | 5.8M shares outstanding

5.8M 4.8M
Sep 27, 2024

8-K filing: LiqTech International, Inc. entered into a Securities Purchase Agreement to issue shares of common stock, pre-funded warrants, and warrants for gross proceeds of up to $10,000,000, with the first tranche completed on September 27, 2024, for approximately $1.2 million. ($22.4M proceeds)

5.8M 4.8M
Aug 14, 2024

10-Q filing | 5.8M shares outstanding

5.8M 4.8M
May 14, 2024

10-Q filing | 5.8M shares outstanding

5.8M 4.8M
Mar 22, 2024

10-K filing | 5.7M shares outstanding

5.7M 5M
Nov 09, 2023

10-Q filing | 5.7M shares outstanding

5.7M 4.9M
Aug 11, 2023

10-Q filing | 5.7M shares outstanding

5.7M 5M
May 26, 2023
Stock Split

8-K filing: Stock split 1-for-8 | Outstanding: 45,228,596 → 5,658,953

5.7M 5M
May 11, 2023

10-Q filing | 45.2M shares outstanding

45M 40M
Mar 22, 2023

10-K filing | 44.0M shares outstanding

44M 41M
Nov 10, 2022

10-Q filing | 43.9M shares outstanding

44M 41M
Aug 11, 2022

10-Q filing | 43.9M shares outstanding

44M 41M
Jun 27, 2022

8-K filing: LiqTech International, Inc. issued $6.0 million in senior promissory notes and warrants to purchase 4,250,000 shares of common stock to affiliates of Bleichroeder L.P., 21 April Fund, L.P. and 21 April Fund, Ltd.

21M 64M
May 17, 2022

8-K filing: LiqTech International, Inc. entered into an underwriting agreement for a public offering of 15,635,850 shares of common stock and pre-funded warrants to purchase 30,425,000 shares, with an option for the underwriters to purchase an additional 6,900,000 shares, at a price of $0.50 per share and $0.499 per warrant, respectively. ($23.0M proceeds)

21M 64M
May 12, 2022

10-Q filing | 21.4M shares outstanding

21M 64M
Apr 29, 2022

8-K filing: LiqTech International, Inc. withdrew the Certificate of Designation for the Series A Convertible Preferred Stock, returning 2,210,357 shares to authorized but unissued status.

21M 64M
Apr 28, 2022

S-3/A filing: LiqTech International, Inc. is filing a shelf registration to offer shares of its common stock, preferred stock, and warrants up to an aggregate amount of $100,000,000.

21M 64M
Mar 31, 2022

10-K filing | 21.3M shares outstanding

21M 4.7M
Feb 09, 2022

S-3 filing: LiqTech International, Inc. may offer and sell shares of its common stock up to an aggregate amount of $100,000,000 from time to time.

22M 4.4M
Nov 15, 2021

10-Q filing | 21.7M shares outstanding

22M 4.4M
Sep 03, 2021

S-3 filing: This prospectus relates to the offer and sale from time to time by the selling stockholder identified in the section entitled "Selling Stockholder" of up to an aggregate of 3,860,000 shares of our common stock, comprised entirely of shares held by the selling stockholder.

22M 4.2M
Aug 20, 2021

8-K filing: LiqTech International, Inc. entered into exchange agreements with two shareholders to exchange 500,000 shares of common stock for prefunded warrants exercisable at $0.001 per share.

22M 430K
Aug 16, 2021

10-Q filing | 21.7M shares outstanding

22M 430K
May 12, 2021

10-Q filing | 21.7M shares outstanding

22M 480K
Apr 14, 2021

8-K filing: LiqTech International, Inc. completed the issuance and sale of a $15.0 million principal amount Senior Convertible Note due 2023 and 80,000 shares of common stock to an institutional investor for an aggregate purchase price of $15.0 million on April 8, 2021. ($15.0M proceeds)

21M 950K
Mar 31, 2021

10-K filing | 21.2M shares outstanding

21M 950K
Mar 30, 2021

8-K filing: LiqTech International, Inc. entered into a Securities Purchase Agreement with an institutional investor to issue and sell a $15.0 million principal amount Senior Convertible Note due 2023 and an aggregate of 80,000 shares of common stock for an aggregate purchase price of $15.0 million. ($15.0M proceeds)

22M 500K
Nov 09, 2020

10-Q filing | 21.7M shares outstanding

22M 500K
Aug 10, 2020

10-Q filing | 21.0M shares outstanding

21M 1.2M
Jun 22, 2020

S-1 filing: This S-1 filing is for the registration of 1,600,000 shares of common stock for resale by selling securityholders, including 1,085,000 currently outstanding shares and up to 515,000 shares issuable upon exercise of prefunded warrants.

21M 1.6M
Jun 02, 2020

8-K filing: LiqTech International, Inc. closed a private placement issuing 1,085,000 shares of common stock and a prefunded warrant to purchase 515,000 shares at $5.00 per share for gross proceeds of $8,000,000. ($8.0M proceeds)

21M 0
May 11, 2020

10-Q filing | 20.6M shares outstanding

21M 0
Mar 30, 2020

10-K filing | 19.7M shares outstanding

20M 0
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