LightWave Acquisition Corp. (LWAC) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

High Risk

Significant dilution risk

Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 86.96% of current shares

Recent Dilution: 205.4% (2 years)

Historical Dilution Factor: significant recent dilution

Outstanding Shares

22M

Potential Supply

19M

Additional shares possible

Splits

None

Past 2 years

Summary

LWAC currently has 21.6M outstanding shares. with significant dilution risk as 18.8M authorized shares could dilute existing holders by 87.0%. The company has significantly diluted shareholders by 205.4% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
May 15, 2026	10-Q filing \| 21.6M shares outstanding	22M	19M
Nov 14, 2025	10-Q filing \| 21.6M shares outstanding	22M	19M
Aug 21, 2025	10-Q filing \| 22.2M shares outstanding	22M	19M
Aug 08, 2025	10-Q filing \| 22.2M shares outstanding	22M	19M
Jun 16, 2025	S-1/A filing: This S-1/A filing registers the Units, Class A Ordinary Shares and Warrants under the Securities Exchange Act of 1934.	7.9M	19M
Jun 09, 2025	S-1/A filing: Initial public offering of 18,750,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, by LightWave Acquisition Corp., a blank check company.	7.9M	19M
May 20, 2025	S-1 filing: LightWave Acquisition Corp. is offering 15,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, in an initial public offering.	6.3M	15M

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