Lucid Diagnostics Inc. (LUCD) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 96.55% of current shares
Recent Dilution: 151.97% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
160M
Potential Supply
160M
Additional shares possible
Splits
None
Past 2 years

Summary

LUCD currently has 165M outstanding shares. with significant dilution risk as 159M authorized shares could dilute existing holders by 96.5%. The company has significantly diluted shareholders by 151.97% 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 | 164.9M shares outstanding

160M 160M
Mar 25, 2026

10-K filing | 131.1M shares outstanding

130M 160M
Sep 11, 2025

8-K filing: The Company closed on the sale of 28,750,000 shares of its common stock at a price of $1.00 per share in its previously announced underwritten offering, resulting in net proceeds of approximately $26.9 million. ($28.75M proceeds)

99M 160M
Sep 10, 2025

8-K filing: Lucid Diagnostics Inc. entered into an underwriting agreement for a public offering of 25,000,000 shares of common stock at $1.00 per share, with an option for the underwriters to purchase an additional 3,750,000 shares. ($28.75M proceeds)

99M 160M
Aug 12, 2025

10-Q filing | 99.0M shares outstanding

99M 160M
May 22, 2025

S-3 filing: This S-3 filing relates to the potential offer and sale from time to time of up to 36,975,000 shares of the company's common stock by selling stockholders.

110M 160M
May 13, 2025

10-Q filing | 91.0M shares outstanding

91M 120M
Apr 11, 2025

8-K filing: The Company closed on the sale of 14,375,000 shares of common stock at a price of $1.20 per share, resulting in net proceeds of approximately $16.1 million, which will be used for working capital and general corporate purposes.

67M 120M
Apr 10, 2025

8-K filing: Lucid Diagnostics Inc. entered into an underwriting agreement to sell 12,500,000 shares of common stock at $1.20 per share, with an option for underwriters to purchase an additional 1,875,000 shares, resulting in estimated gross proceeds of $15.0 million, before deducting the underwriting discount and offering expenses. ($17.25M proceeds)

67M 120M
Mar 24, 2025

10-K filing | 67.0M shares outstanding

67M 120M
Mar 05, 2025

8-K filing: The Company closed on the sale of 13,939,331 shares of its common stock at a price of $1.10 per share, with net proceeds estimated at $14.5 million, to be used for working capital and general corporate purposes. ($15.33M proceeds)

50M 120M
Mar 04, 2025

8-K filing: Lucid Diagnostics Inc. entered into a placement agency agreement with Canaccord Genuity LLC for a proposed offering of common stock, and subscription agreements with investors to sell 13,939,331 shares at $1.10 per share, resulting in gross proceeds of approximately $15.3 million. ($15.3M proceeds)

50M 120M
Mar 04, 2025

8-K filing: Lucid Diagnostics Inc. terminated its ATM Prospectus Supplement, under which it had sold 230,068 shares of common stock for an aggregate purchase price of $292,790. ($0.29M proceeds)

50M 120M
Nov 12, 2024

10-Q filing | 50.4M shares outstanding

50M 120M
Aug 12, 2024

10-Q filing | 48.2M shares outstanding

48M 120M
Jul 12, 2024

S-3/A filing: This prospectus relates to the potential offer and sale from time to time of 72,355,496 shares of our common stock by the selling stockholders.

53M 120M
Jul 01, 2024

S-3 filing: This S-3 filing relates to the potential offer and sale from time to time of 72,355,496 shares of common stock by selling stockholders.

52M 120M
May 13, 2024

10-Q filing | 45.0M shares outstanding

45M 50M
May 07, 2024

8-K filing: Lucid Diagnostics Inc. sold approximately 11,634 shares of Series B-1 Convertible Preferred Stock to accredited investors at a purchase price of $1,000 per share, resulting in gross proceeds of approximately $11.6 million. ($11.6M proceeds)

48M 50M
Mar 25, 2024

10-K filing | 48.2M shares outstanding

48M 50M
Mar 14, 2024

8-K filing: The Company entered into subscription agreements and exchange agreements with certain accredited investors for the sale and exchange of Series B Preferred Stock, resulting in aggregate gross proceeds to the Company of $18.16 million. ($18.17M proceeds)

42M 50M
Jan 30, 2024

8-K filing: Lucid Diagnostics Inc. issued 3,331,771 shares of its common stock to PAVmed Inc. on January 26, 2024, in exchange for $4,675,256 of fees and reimbursements accrued under the MSA and the PBERA. ($4.68M proceeds)

42M 50M
Nov 13, 2023

10-Q filing | 41.9M shares outstanding

42M 50M
Oct 18, 2023

8-K filing: Lucid Diagnostics Inc. sold 5,000 shares of Series A-1 Convertible Preferred Stock at $1,000 per share for $5.0 million in gross proceeds on October 18, 2023. ($5.0M proceeds)

42M 50M
Aug 14, 2023

10-Q filing | 41.8M shares outstanding

42M 50M
May 23, 2023

S-3 filing: This prospectus relates to the potential offer and sale from time to time of 25,688,308 shares of common stock by the selling stockholder as set forth in the filing.

44M 50M
May 15, 2023

10-Q filing | 41.0M shares outstanding

41M 24M
Mar 14, 2023

10-K filing | 43.4M shares outstanding

43M 24M
Mar 13, 2023

8-K filing: Lucid Diagnostics Inc. sold 13,625 shares of Series A Convertible Preferred Stock at $1,000 per share on March 7, 2023, for gross proceeds of $13.625 million. ($13.63M proceeds)

39M 24M
Dec 02, 2022

8-K filing: Lucid Diagnostics Inc. issued shares of common stock to PAVmed Inc. in three separate transactions: 750,818 shares for management services fees, 1,479,326 shares for payroll and benefit expense reimbursements, and 1,145,086 shares related to the CapNostics Assignment Agreement. ($6.47M proceeds)

39M 24M
Nov 25, 2022

S-3 filing: Lucid Diagnostics Inc. may offer and sell from time to time shares of common stock, shares of preferred stock, debt securities, warrants and/or units comprised of one or more of the other classes of securities offered hereby, at an aggregate initial offering price not to exceed $125,000,000.

39M 24M
Nov 14, 2022

10-Q filing | 36.4M shares outstanding

36M 21M
Aug 15, 2022

10-Q filing | 35.8M shares outstanding

36M 21M
Jul 14, 2022

S-1/A filing: This prospectus relates to the potential offer and sale from time to time by CF Principal Investments LLC of up to 15,000,000 shares of our common stock, that may be issued by us to the Holder pursuant to a common stock purchase agreement.

35M 21M
Jun 17, 2022

S-1 filing: This S-1 filing relates to the potential offer and sale from time to time by CF Principal Investments LLC of up to 15,000,000 shares of common stock, with the company potentially receiving up to $50.0 million in aggregate gross proceeds.

35M 21M
May 16, 2022

10-Q filing | 35.1M shares outstanding

35M 5.8M
Apr 06, 2022

10-K filing | 37.4M shares outstanding

37M 5.8M
Nov 23, 2021

10-Q filing | 36.8M shares outstanding

37M 5.8M
Oct 18, 2021

8-K filing: Lucid Diagnostics Inc. consummated its initial public offering of 5,000,000 shares of common stock at $14.00 per share, generating gross proceeds of $70,000,000. ($70.0M proceeds)

32M 5.8M
Oct 08, 2021

S-1/A filing: This is an S-1/A filing related to an offering of common stock, as detailed in the included exhibits and agreements with underwriters. The document includes representations and warranties by the company to the underwriters.

32M 5.8M
Oct 07, 2021

S-1/A filing: This is an initial public offering of up to 5,000,000 shares of the common stock of Lucid Diagnostics Inc. The public offering price per share is anticipated to be between $14.00 and $16.00.

32M 5.8M
Oct 01, 2021

S-1/A filing: The company issued a $22.4 million convertible promissory note to PAVmed in exchange for the cancellation of $22.4 million payable by the company.

22M 0
Sep 22, 2021

S-1 filing: This is an initial public offering of up to [●] shares of the common stock of Lucid Diagnostics Inc.

22M 0
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