MDxHealth SA (MDXH) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: December 29, 2025

Risk Assessment Details

Potential Dilution: 29.62% of current shares
Recent Dilution: 81.39% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
49M
Potential Supply
15M
Additional shares possible
Splits
None
Past 2 years

Summary

MDXH currently has 49.5M outstanding shares. with moderate dilution risk from 14.7M authorized shares representing 29.6% potential dilution. The company has significantly diluted shareholders by 81.39% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Dec 29, 2025

F-3 filing: MDXHEALTH SA is offering ordinary shares with an aggregate offering price of up to $50,000,000 through an at-the-market offering via TD Securities (USA) LLC.

49M 15M
Mar 31, 2025

20-F filing | 49.5M shares outstanding

49M 0
Jun 28, 2024

F-3 filing: This is an F-3 filing regarding the resale of common stock by selling securityholders after the exercise of warrants.

27M 0
Apr 30, 2024

20-F filing | 27.3M shares outstanding

27M 0
Dec 19, 2022

F-3 filing: The company is filing an F-3 to register the offering of ordinary shares and American Depositary Shares up to an aggregate amount of $150,000,000.

160M 0
Apr 25, 2022

20-F filing | 156.0M shares outstanding

160M 0
Oct 13, 2021

F-1 filing: This F-1 filing registers American Depositary Shares (ADSs) for ordinary shares with no par value. It details fees associated with ADSs, depositary services by The Bank of New York Mellon, use of proceeds for product development and working capital, and risk factors for investors.

120M 0
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