Ramaco Resources, Inc. (METCZ) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 6.69% of current shares
Recent Dilution: 28.33% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
55M
Potential Supply
3.7M
Additional shares possible
Splits
None
Past 2 years

Summary

METCZ currently has 55.4M outstanding shares. with limited dilution risk as only 3.71M additional shares (6.7%) are authorized for issuance. The company has significantly diluted shareholders by 28.33% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 11, 2026

10-Q filing | 55.4M shares outstanding

55M 3.7M
Oct 28, 2025

10-Q filing | 55.2M shares outstanding

55M 4M
Aug 07, 2025

8-K filing: Ramaco Resources, Inc. closed its underwritten public offering, selling 10,666,667 shares of Class A common stock at $18.75 per share, resulting in gross proceeds of approximately $200 million before expenses. ($200.0M proceeds)

44M 15M
Aug 01, 2025

10-Q filing | 43.9M shares outstanding

44M 15M
Jul 24, 2025

8-K filing: Ramaco Resources, Inc. commenced a public offering of 8.250% Senior Notes due 2030 with a public offering price of $25.00 per Note, representing 100% of the principal amount, with the company expected to receive net proceeds of approximately $55,000,000. ($57.0M proceeds)

44M 15M
May 12, 2025

10-Q filing | 43.9M shares outstanding

44M 15M
Mar 17, 2025

10-K filing | 44.6M shares outstanding

45M 15M
Nov 22, 2024

8-K filing: Ramaco Resources, Inc. commenced a public offering of 8.375% Senior Notes due 2029, with a public offering price of $25.00 per Note. The company expects to receive net proceeds of approximately $48,000,000 before expenses, to be used for general corporate purposes. The offering is expected to close on November 27, 2024. ($50.0M proceeds)

44M 15M
Nov 08, 2024

10-Q filing | 43.8M shares outstanding

44M 15M
Aug 08, 2024

10-Q filing | 43.7M shares outstanding

44M 15M
May 09, 2024

10-Q filing | 42.5M shares outstanding

42M 17M
Mar 14, 2024

10-K filing | 44.3M shares outstanding

44M 15M
Nov 09, 2023

10-Q filing | 44.1M shares outstanding

44M 15M
Sep 27, 2023

S-3/A filing: The Registration Statement provides that the Company may sell the Securities registered thereby (i) to or through underwriters, (ii) directly to one or more other purchasers or (iii) through agents.

44M 15M
Sep 01, 2023

S-3 filing: Ramaco Resources, Inc. is filing an S-3 to offer Class A Common Stock, Class B Common Stock, Preferred Stock, Depositary Shares, and Debt Securities with an aggregate initial offering price of up to $400,000,000.

44M 15M
Aug 09, 2023

10-Q filing | 44.4M shares outstanding

44M 15M
Jun 08, 2023

S-1/A filing: This S-1/A filing pertains to the distribution of Class B common stock to existing shareholders of Ramaco Resources, Inc.

44M 15M
May 09, 2023

10-Q filing | 44.2M shares outstanding

44M 5.6M
Mar 14, 2023

10-K filing | 44.2M shares outstanding

44M 5.6M
Nov 09, 2022

10-Q filing | 44.1M shares outstanding

44M 5.7M
Aug 09, 2022

10-Q filing | 44.1M shares outstanding

44M 5.7M
May 13, 2022

10-Q filing | 44.1M shares outstanding

44M 5.7M
Apr 01, 2022

10-K filing | 44.0M shares outstanding

44M 5.8M
Nov 19, 2021

S-3 filing: This is an S-3 filing registering common stock, preferred stock, depositary shares, debt securities, warrants and rights for sale from time to time.

43M 7.1M
Nov 02, 2021

10-Q filing | 42.7M shares outstanding

43M 1.5M
Aug 02, 2021

10-Q filing | 42.7M shares outstanding

43M 1.5M
Jul 13, 2021

8-K filing: Ramaco Resources, Inc. completed an offering of $34,500,000 in 9.00% Senior Notes due 2026. ($34.5M proceeds)

44M 0
Jul 02, 2021

S-1/A filing: Ramaco Resources, Inc. proposes to offer $25,000,000 aggregate principal amount of its [●]% Senior Notes due 2026.

44M 0
Jun 17, 2021

S-1 filing: Ramaco Resources, Inc. is offering $25,000,000 aggregate principal amount of its % Senior Notes due 2026. Interest on the Notes will accrue from , 2021, and will be paid quarterly in arrears on January 30, April 30, July 30 and October 30 of each year, commencing on July 30, 2021, and at maturity. The Notes will mature on July 30, 2026.

44M 0
May 12, 2021

10-Q filing | 44.2M shares outstanding

44M 0
Feb 18, 2021

10-K filing | 40.3M shares outstanding

40M 0
Nov 03, 2020

10-Q filing | 42.7M shares outstanding

43M 0
Aug 06, 2020

10-Q filing | 42.6M shares outstanding

43M 0
May 12, 2020

10-Q filing | 42.7M shares outstanding

43M 0
Feb 20, 2020

10-K filing | 37.6M shares outstanding

38M 0
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