MIND TECHNOLOGY, INC (MIND) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 20, 2026

Risk Assessment Details

Potential Dilution: 97.88% of current shares
Recent Dilution: 554.86% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
8.3M
Potential Supply
8.2M
Additional shares possible
Splits
None
Past 2 years

Summary

MIND currently has 8.33M outstanding shares. with significant dilution risk as 8.15M authorized shares could dilute existing holders by 97.9%. The company has significantly diluted shareholders by 554.86% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 20, 2026

10-K filing | 8.3M shares outstanding

8.3M 8.2M
Dec 11, 2025

10-Q filing | 9.0M shares outstanding

9M 7.5M
Jun 11, 2025

10-Q filing | 8.0M shares outstanding

8M 8.5M
Apr 25, 2025

S-3 filing: MIND Technology, Inc. is offering common stock, preferred stock, and debt securities, from time to time, in one or more offerings, with an aggregate initial offering price not to exceed $100,000,000.

8M 8.5M
Apr 25, 2025

10-K filing | 13.8M shares outstanding

14M 2.7M
Dec 12, 2024

10-Q filing | 8.0M shares outstanding

8M 0
Sep 12, 2024

10-Q filing | 1.4M shares outstanding

1.4M 0
Jun 11, 2024

10-Q filing | 13.8M shares outstanding

14M 0
Apr 30, 2024

10-K filing | 13.8M shares outstanding

14M 0
Dec 14, 2023

10-Q filing | 13.8M shares outstanding

14M 0
Oct 13, 2023
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 13,792,000 → 1,378,874

1.4M 0
Sep 14, 2023

10-Q filing | 13.8M shares outstanding

14M 0
Jun 14, 2023

10-Q filing | 13.8M shares outstanding

14M 0
May 01, 2023

10-K filing | 13.8M shares outstanding

14M 0
Dec 14, 2022

10-Q filing | 13.8M shares outstanding

14M 0
Sep 13, 2022

10-Q filing | 13.8M shares outstanding

14M 0
Jun 09, 2022

10-Q filing | 13.8M shares outstanding

14M 0
Apr 29, 2022

10-K filing | 13.8M shares outstanding

14M 0
Dec 10, 2021

10-Q filing | 13.8M shares outstanding

14M 0
Nov 10, 2021

8-K filing: MIND Technology, Inc. entered into an underwriting agreement with Ladenburg Thalmann & Co. Inc. for the issuance and sale of 432,00 shares of Series A Cumulative Preferred Stock at $24.25 per share, with an option for the underwriter to purchase an additional 64,800 shares, with the offering expected to close on November 12, 2021.

14M 0
Nov 04, 2021

S-1/A filing: The filing is an S-1/A form indicating an offering of 360,000 shares of Series A Cumulative Preferred Stock.

14M 0
Oct 27, 2021

8-K filing: MIND Technology, Inc. filed a Second Certificate of Amendment to designate an additional 500,000 shares of Series A Preferred Stock, resulting in an aggregate of 1,994,046 shares.

14M 0
Oct 25, 2021

S-1 filing: MIND Technology, Inc. is offering shares of its Series A Cumulative Preferred Stock.

14M 0
Sep 09, 2021

10-Q filing | 13.8M shares outstanding

14M 0
Jun 03, 2021

10-Q filing | 13.8M shares outstanding

14M 0
Apr 16, 2021

10-K filing | 12.5M shares outstanding

13M 0
Dec 04, 2020

10-Q filing | 12.3M shares outstanding

12M 0
Sep 25, 2020

8-K filing: MIND Technology, Inc. entered into an equity distribution agreement with Ladenburg Thalmann & Co. Inc., allowing the Company to sell up to 5,000,000 common shares and 500,000 preferred shares; the Company also filed a Certificate of Amendment to designate an additional 500,000 shares of preferred stock.

12M 0
Sep 15, 2020

POS AM filing: This is a POS AM filing registering an indeterminate number of securities with a proposed maximum aggregate offering price not to exceed $50,000,000, including common stock, preferred stock, depositary shares and debt securities that may be issued upon conversion or exchange.

12M 0
Sep 15, 2020

10-Q filing | 12.2M shares outstanding

12M 0
Sep 15, 2020

POS AM filing: This POS AM filing relates to the potential sale of Series A Preferred Stock by a selling stockholder, who may use various methods including sales to underwriters or broker-dealers, hedging transactions, and pledges. The company has agreed to register the shares and indemnify the selling stockholder and underwriters against certain liabilities.

12M 0
Jun 11, 2020

10-Q filing | 12.1M shares outstanding

12M 0
Apr 28, 2020

10-K filing | 12.1M shares outstanding

12M 0
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