Milestone Pharmaceuticals Inc. (MIST) - 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: 107.21% of current shares
Recent Dilution: 101.47% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
120M
Potential Supply
130M
Additional shares possible
Splits
None
Past 2 years

Summary

MIST currently has 118M outstanding shares. with significant dilution risk as 126M authorized shares could dilute existing holders by 107.2%. The company has significantly diluted shareholders by 101.47% 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

S-3 filing: The company is conducting an at-the-market offering of common shares with an aggregate offering price of up to $100,000,000.

120M 130M
May 13, 2026

10-Q filing | 124.5M shares outstanding

120M 120M
Mar 20, 2026

10-K filing | 106.2M shares outstanding

110M 140M
Nov 12, 2025

10-Q filing | 85.2M shares outstanding

85M 160M
Aug 12, 2025

10-Q filing | 85.0M shares outstanding

85M 160M
May 14, 2025

10-Q filing | 53.5M shares outstanding

53M 190M
Mar 13, 2025

10-K filing | 53.4M shares outstanding

53M 190M
Nov 12, 2024

10-Q filing | 53.3M shares outstanding

53M 190M
Nov 12, 2024

S-3 filing: The filing is for a shelf registration of common shares, preferred shares, debt securities, and warrants with a total offering amount of $250,000,000.

53M 190M
Aug 08, 2024

10-Q filing | 53.3M shares outstanding

53M 62M
May 13, 2024

10-Q filing | 33.5M shares outstanding

33M 82M
Mar 21, 2024

10-K filing | 33.5M shares outstanding

33M 82M
Nov 13, 2023

10-Q filing | 34.3M shares outstanding

34M 81M
Aug 10, 2023

10-Q filing | 34.3M shares outstanding

34M 81M
May 15, 2023

S-3 filing: This S-3 filing relates to the proposed offering and resale by selling stockholders of up to 13,888,850 common shares of Milestone Pharmaceuticals Inc.

33M 82M
May 11, 2023

10-Q filing | 33.3M shares outstanding

33M 68M
Mar 29, 2023

10-K filing | 34.3M shares outstanding

34M 67M
Mar 27, 2023

8-K filing: Milestone Pharmaceuticals Inc. exchanged 1,059,000 common shares for pre-funded warrants to purchase 1,059,000 common shares with RTW Investments.

30M 71M
Nov 10, 2022

10-Q filing | 30.4M shares outstanding

30M 71M
Aug 10, 2022

10-Q filing | 30.0M shares outstanding

30M 71M
May 12, 2022

10-Q filing | 29.9M shares outstanding

30M 71M
Mar 24, 2022

10-K filing | 29.9M shares outstanding

30M 71M
Feb 16, 2022

8-K filing: Milestone Pharmaceuticals, Inc. granted an inducement award in the form of an option to purchase 330,000 of the Company's common shares to David Bharucha in connection with his appointment as the Company's Chief Medical Officer.

30M 71M
Nov 12, 2021

10-Q filing | 29.9M shares outstanding

30M 71M
Nov 12, 2021

S-3 filing: The filing is an S-3 registration statement for Milestone Pharmaceuticals Inc., covering the potential offering and sale of up to $250,000,000 of any combination of common shares, preferred shares, debt securities, and warrants, with specific terms to be provided in prospectus supplements.

30M 71M
Oct 28, 2021

S-3/A filing: This S-3/A filing registers 910,746 common shares issuable upon exercise of pre-funded warrants for resale by selling shareholders.

30M 27M
Aug 11, 2021

10-Q filing | 29.8M shares outstanding

30M 27M
Jun 25, 2021

S-3 filing: The filing relates to the offer and resale of up to 910,746 common shares issuable upon exercise of pre-funded warrants by selling shareholders.

30M 27M
May 17, 2021

10-Q filing | 29.8M shares outstanding

30M 26M
Mar 29, 2021

10-K filing | 29.8M shares outstanding

30M 26M
Nov 13, 2020

10-Q filing | 29.8M shares outstanding

30M 26M
Aug 20, 2020

S-3 filing: The filing registers 6,655,131 common shares for resale by selling shareholders, issuable upon exercise of pre-funded warrants.

25M 31M
Aug 12, 2020

10-Q filing | 24.7M shares outstanding

25M 24M
Jun 19, 2020

S-3 filing: Milestone Pharmaceuticals Inc. is filing a registration statement on Form S-3 to register an indeterminate number of common shares and preferred shares, such indeterminate principal amount of debt securities and such indeterminate number of warrants to purchase common shares, preferred shares or debt securities as shall have an aggregate initial offering price not to exceed $100,000,000.

25M 25M
May 14, 2020

10-Q filing | 24.6M shares outstanding

25M 0
Mar 06, 2020

10-K filing | 24.6M shares outstanding

25M 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime