Mind Medicine (MindMed) Inc. (MNMD) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 122.15% of current shares
Recent Dilution: 56.18% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
110M
Potential Supply
130M
Additional shares possible
Splits
None
Past 2 years

Summary

MNMD currently has 109M outstanding shares. with significant dilution risk as 133M authorized shares could dilute existing holders by 122.1%. The company has significantly diluted shareholders by 56.18% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 108.8M shares outstanding

110M 130M
Nov 06, 2025

10-Q filing | 98.5M shares outstanding

99M 130M
Jul 31, 2025

10-Q filing | 76.1M shares outstanding

76M 130M
May 08, 2025

10-Q filing | 75.6M shares outstanding

76M 130M
Mar 06, 2025

10-K filing | 70.5M shares outstanding

70M 130M
Nov 07, 2024

10-Q filing | 77.9M shares outstanding

78M 130M
Aug 13, 2024

10-Q filing | 71.9M shares outstanding

72M 130M
May 08, 2024

10-Q filing | 71.9M shares outstanding

72M 130M
Apr 02, 2024

S-3 filing: This S-3 filing registers up to 13,497,506 common shares for resale by selling stockholders, including shares issued under a purchase agreement and shares issuable upon conversion of term loans.

39M 130M
Feb 28, 2024

10-K filing | 39.2M shares outstanding

39M 120M
Nov 02, 2023

10-Q filing | 39.7M shares outstanding

40M 120M
Aug 03, 2023

10-Q filing | 38.6M shares outstanding

39M 120M
May 04, 2023

10-Q filing | 38.1M shares outstanding

38M 120M
Mar 09, 2023

10-K filing | 38.1M shares outstanding

38M 120M
Nov 10, 2022

10-Q filing | 37.6M shares outstanding

38M 120M
Aug 11, 2022

10-Q filing | 423.6M shares outstanding

420M 120M
May 16, 2022

10-Q filing | 422.4M shares outstanding

420M 120M
May 04, 2022

S-3 filing: This is an S-3 filing to register the offering of up to $200,000,000 of any combination of securities, including Subordinate Voting Shares, from time to time.

420M 120M
Mar 28, 2022

10-K filing | 421.9M shares outstanding

420M 0
Mar 14, 2022
Stock Split

8-K filing: Stock split 1-for-100

N/A 0
Mar 30, 2021

F-10 filing: This is an F-10 filing for a preliminary short form base shelf prospectus by Mind Medicine (MindMed) Inc. for the potential offering of subordinate voting shares, multiple voting shares, subscription receipts, warrants, or units up to an aggregate total offering price of C$500,000,000. The securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying prospectus supplement.

N/A 0
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