Lantern Pharma Inc. (LTRN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 54.5% of current shares
Recent Dilution: 4.56% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
11M
Potential Supply
6.1M
Additional shares possible
Splits
None
Past 2 years

Summary

LTRN currently has 11.3M outstanding shares. with significant dilution risk as 6.13M authorized shares could dilute existing holders by 54.5%. The company has minimally diluted shareholders by 4.56% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 11.3M shares outstanding

11M 6.1M
May 14, 2026

8-K filing: Lantern Pharma Inc. completed a registered direct offering and concurrent private placement of common stock and warrants, resulting in approximately $4.4 million in gross proceeds. ($4.4M proceeds)

11M 6.1M
Mar 30, 2026

10-K filing | 10.9M shares outstanding

11M 6.1M
Nov 12, 2025

10-Q filing | 10.8M shares outstanding

11M 6.1M
Aug 13, 2025

10-Q filing | 10.8M shares outstanding

11M 6.1M
May 15, 2025

10-Q filing | 10.8M shares outstanding

11M 6.1M
Mar 27, 2025

10-K filing | 10.8M shares outstanding

11M 6.1M
Nov 07, 2024

10-Q filing | 10.8M shares outstanding

11M 6.1M
Aug 08, 2024

10-Q filing | 10.8M shares outstanding

11M 6.1M
May 24, 2024

S-3 filing: Lantern Pharma Inc. filed an S-3 form on 2024-05-24 for a shelf offering of common stock, preferred stock, and debt securities, potentially raising up to $150,000,000.

11M 6.1M
May 09, 2024

10-Q filing | 10.7M shares outstanding

11M 6.1M
Mar 18, 2024

10-K filing | 10.8M shares outstanding

11M 6.1M
Nov 24, 2023

8-K filing: Lantern Pharma Inc. entered into Securities Purchase Agreements with Bios Fund I QP, LP and Bios Fund I, LP to purchase 145,348 shares of the Company's common stock at $3.44 per share, totaling $499,997.12. ($0.5M proceeds)

11M 6.1M
Nov 08, 2023

10-Q filing | 10.9M shares outstanding

11M 6.1M
Aug 09, 2023

10-Q filing | 10.9M shares outstanding

11M 6.1M
May 09, 2023

10-Q filing | 10.9M shares outstanding

11M 6.1M
Mar 20, 2023

10-K filing | 10.9M shares outstanding

11M 6.1M
Nov 07, 2022

10-Q filing | 10.8M shares outstanding

11M 6.1M
Aug 08, 2022

10-Q filing | 10.8M shares outstanding

11M 6.1M
May 03, 2022

10-Q filing | 10.9M shares outstanding

11M 6.1M
Mar 10, 2022

10-K filing | 10.8M shares outstanding

11M 6.1M
Nov 01, 2021

10-Q filing | 11.2M shares outstanding

11M 6.1M
Jul 29, 2021

10-Q filing | 11.2M shares outstanding

11M 6.1M
Jul 02, 2021

S-3 filing: Lantern Pharma Inc. is filing an S-3 to offer various securities, including common stock, preferred stock, and debt securities, for up to $200,000,000 in aggregate offering price.

11M 6.1M
May 03, 2021

10-Q filing | 11.2M shares outstanding

11M 6.1M
Mar 10, 2021

10-K filing | 11.2M shares outstanding

11M 6.1M
Jan 08, 2021

S-1 filing: Lantern Pharma Inc. is offering 2,613,695 shares of its common stock on a firm commitment basis. The underwriters have an option to purchase up to 392,054 additional shares of common stock to cover over-allotments.

8.8M 6.1M
Oct 29, 2020

10-Q filing | 6.2M shares outstanding

6.2M 3.1M
Jul 30, 2020

10-Q filing | 2.0M shares outstanding

2M 3.1M
Jun 17, 2020
Stock Split

8-K filing: A 1.74-for-1 forward stock split became effective on June 11, 2020, and Series A preferred stock was converted into 2,438,851 shares of common stock effective June 15, 2020. Options to purchase 306,743 shares of common stock were granted to directors, officers, or employees at an exercise price of $15.00 per share.

10M 3.1M
Jun 08, 2020

S-1/A filing: Lantern Pharma Inc. registers the offering of up to 1,797,450 shares of the Company's common stock, including up to 234,450 shares upon exercise of the underwriters' over-allotment option.

6M 1.8M
May 19, 2020

S-1/A filing: This is a firm commitment initial public offering of common stock of Lantern Pharma Inc. offering 1,563,000 shares with an over-allotment option of 234,450 additional shares.

6M 1.8M
May 12, 2020

S-1/A filing: This is a firm commitment initial public offering of common stock of Lantern Pharma Inc.

4.5M 2.1M
Apr 16, 2020

S-1 filing: This S-1 filing outlines a proposed underwritten public offering of common stock, with a goal of raising at least $25 million, managed by ThinkEquity and Dougherty & Company LLC.

2.5M 0
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