Liquidia Corp (LQDA) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
LQDA currently has 86.3M outstanding shares. with significant dilution risk as 49.5M authorized shares could dilute existing holders by 57.4%. The company has significantly diluted shareholders by 29.31% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Nov 03, 2025 |
10-Q filing | 86.3M shares outstanding |
86M | 50M |
| Aug 12, 2025 |
10-Q filing | 85.6M shares outstanding |
86M | 50M |
| May 08, 2025 |
10-Q filing | 85.2M shares outstanding |
85M | 50M |
| Mar 19, 2025 |
10-K filing | 68.6M shares outstanding |
69M | 50M |
| Mar 19, 2025 |
S-3 filing: Liquidia Corporation files an S-3 to register the resale of up to 1,123,595 shares of common stock by selling stockholders. |
78M | 50M |
| Nov 13, 2024 |
10-Q filing | 78.3M shares outstanding |
78M | 48M |
| Sep 12, 2024 |
8-K filing: Liquidia Corporation completed a private placement of 1,123,595 shares at $8.90 per share for $10.0 million and a public offering of 6,460,674 shares at $8.90 per share for $57.5 million on September 12, 2024. ($67.5M proceeds) |
76M | 48M |
| Sep 11, 2024 |
8-K filing: Liquidia Corporation entered into an underwriting agreement for a public offering of 6,460,674 shares at $8.90 per share and a purchase agreement for a private placement of 1,123,595 shares at $8.90 per share, expected to close on September 12, 2024. ($67.5M proceeds) |
76M | 48M |
| Aug 07, 2024 |
10-Q filing | 76.4M shares outstanding |
76M | 48M |
| Jun 27, 2024 |
S-3 filing: This S-3 filing registers 7,322,197 shares of common stock for resale by selling stockholders. |
75M | 48M |
| May 13, 2024 |
10-Q filing | 75.4M shares outstanding |
75M | 41M |
| Mar 13, 2024 |
10-K filing | 65.0M shares outstanding |
65M | 41M |
| Jan 08, 2024 |
8-K filing: Liquidia Corporation completed a private placement on January 8, 2024, selling 7,182,532 shares of common stock to Legend Aggregator, LP at a price of $10.442 per share, resulting in gross proceeds of approximately $75.0 million. ($75.0M proceeds) |
65M | 41M |
| Jan 05, 2024 |
8-K filing: Liquidia Corporation entered into a Common Stock Purchase Agreement with Legend Aggregator, LP for the sale of 7,182,532 shares of common stock at a price of $10.442 per share in a private placement. ($75.0M proceeds) |
65M | 41M |
| Dec 28, 2023 |
S-3/A filing: Liquidia Corporation files an S-3/A registration statement to offer up to $200,000,000 of common stock, preferred stock, debt securities, warrants, or units. |
65M | 41M |
| Dec 22, 2023 |
S-3 filing: Liquidia Corporation files an S-3 registration statement to offer up to $200,000,000 of common stock, preferred stock, debt securities, warrants and units. |
65M | 42M |
| Dec 14, 2023 |
8-K filing: Liquidia Corporation completed a private placement of 139,665 shares of common stock to Roger Jeffs, the CEO, at $7.16 per share, and a public offering of 3,491,620 shares of common stock at $7.16 per share. ($26.0M proceeds) |
65M | 25M |
| Dec 12, 2023 |
8-K filing: Liquidia Corporation entered into an underwriting agreement for a public offering of 3,491,620 shares at $7.16 per share and a concurrent private placement with its CEO for 139,665 shares at $7.16 per share. ($26.0M proceeds) |
65M | 25M |
| Nov 07, 2023 |
10-Q filing | 64.9M shares outstanding |
65M | 25M |
| Aug 10, 2023 |
10-Q filing | 64.8M shares outstanding |
65M | 25M |
| May 08, 2023 |
10-Q filing | 64.7M shares outstanding |
65M | 25M |
| Mar 20, 2023 |
10-K filing | 61.0M shares outstanding |
61M | 25M |
| Nov 08, 2022 |
10-Q filing | 64.5M shares outstanding |
64M | 25M |
| Aug 11, 2022 |
10-Q filing | 62.2M shares outstanding |
62M | 25M |
| Jun 22, 2022 |
8-K filing: Rajeev Saggar, M.D., was appointed as the Company's Chief Medical Officer effective July 18, 2022, and will receive a stock option for 200,000 shares of common stock and restricted stock units equal to $350,000.00 divided by the Fair Market Value of a share of the Company's Common Stock. |
52M | 25M |
| May 12, 2022 |
10-Q filing | 52.5M shares outstanding |
52M | 25M |
| Apr 18, 2022 |
8-K filing: Liquidia Corporation completed an underwritten registered public offering of 11,274,510 shares of common stock at a price of $5.10 per share, resulting in net proceeds of approximately $53.7 million. ($57.5M proceeds) |
50M | 25M |
| Mar 17, 2022 |
10-K filing | 49.7M shares outstanding |
50M | 25M |
| Jan 11, 2022 |
8-K filing: Liquidia Corporation entered into an Amended and Restated Loan and Security Agreement providing up to $40.0 million in term loans and issued warrants to SVB, Innovation, and Innovation Credit to purchase shares of the Company's common stock at an exercise price of $5.14 per share. |
52M | 25M |
| Nov 03, 2021 |
10-Q filing | 52.0M shares outstanding |
52M | 25M |
| Sep 02, 2021 |
S-3 filing: This S-3 filing relates to the resale of 8,626,037 shares of common stock by selling stockholders; the company will not receive any proceeds from the sale. |
52M | 25M |
| Aug 10, 2021 |
10-Q filing | 52.0M shares outstanding |
52M | 16M |
| May 13, 2021 |
10-Q filing | 52.0M shares outstanding |
52M | 16M |
| Apr 13, 2021 |
8-K filing: Liquidia Corporation entered into a Common Stock Purchase Agreement with Caligan Partners LP and other accredited investors for the sale of 8,626,037 shares of common stock at $2.52 per share, resulting in gross proceeds of approximately $21.7 million. ($21.7M proceeds) |
43M | 16M |
| Mar 26, 2021 |
8-K filing: Liquidia Corporation granted non-qualified stock options to its non-employee directors in lieu of cash compensation for fiscal year 2021, with an exercise price of $2.51 per share and a vesting schedule. |
43M | 16M |
| Mar 25, 2021 |
10-K filing | 43.3M shares outstanding |
43M | 16M |
| Mar 03, 2021 |
8-K filing: Liquidia Corporation entered into a Loan and Security Agreement with Silicon Valley Bank, establishing a term loan facility of up to $20.5 million and issued a warrant to purchase up to 200,000 shares of common stock. |
N/A | 16M |
| Dec 21, 2020 |
S-3/A filing: This is an S-3/A filing related to the registration of common stock, where underwriters will agree to indemnify the company and its directors/officers against certain liabilities. It also includes undertakings to file post-effective amendments during the offering period. |
N/A | 16M |
| Dec 16, 2020 |
S-3 filing: Liquidia Technologies files an S-3 registration statement for the potential offering of common stock, preferred stock, debt securities, warrants and units, with a total aggregate amount of $200,000,000. Additionally, registers 16,039,533 shares of common stock for resale by selling stockholders. |
N/A | 16M |