EVERSPIN TECHNOLOGIES INC. (MRAM) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: April 29, 2026

Risk Assessment Details

Potential Dilution: 83.59% of current shares

Recent Dilution: 7.1% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

23M

Potential Supply

19M

Additional shares possible

Splits

None

Past 2 years

Summary

MRAM currently has 23.1M outstanding shares. with significant dilution risk as 19.3M authorized shares could dilute existing holders by 83.6%. The company has minimally diluted shareholders by 7.1% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Apr 29, 2026	10-Q filing \| 23.1M shares outstanding	23M	19M
Nov 05, 2025	10-Q filing \| 22.7M shares outstanding	23M	20M
Apr 30, 2025	10-Q filing \| 22.2M shares outstanding	22M	20M
Feb 27, 2025	10-K filing \| 22.2M shares outstanding	22M	20M
Nov 05, 2024	10-Q filing \| 22.0M shares outstanding	22M	20M
Aug 02, 2024	10-Q filing \| 21.6M shares outstanding	22M	21M
May 02, 2024	10-Q filing \| 21.3M shares outstanding	21M	21M
Feb 29, 2024	10-K filing \| 21.4M shares outstanding	21M	21M
Nov 15, 2023	S-3 filing: The company is filing an S-3 registration statement to offer and sell up to $100,000,000 in various securities, including common stock, preferred stock, debt securities, and warrants, either individually or in combination.	21M	22M
Nov 02, 2023	10-Q filing \| 20.8M shares outstanding	21M	10M
Aug 03, 2023	10-Q filing \| 20.7M shares outstanding	21M	10M
May 04, 2023	10-Q filing \| 20.5M shares outstanding	20M	10M
Mar 02, 2023	10-K filing \| 20.1M shares outstanding	20M	11M
Nov 10, 2022	10-Q filing \| 20.2M shares outstanding	20M	11M
Aug 12, 2022	10-Q filing \| 20.1M shares outstanding	20M	11M
May 12, 2022	10-Q filing \| 19.9M shares outstanding	20M	11M
Mar 09, 2022	10-K filing \| 20.0M shares outstanding	20M	11M
Nov 12, 2021	10-Q filing \| 19.5M shares outstanding	20M	11M
Aug 12, 2021	10-Q filing \| 19.3M shares outstanding	19M	12M
May 07, 2021	10-Q filing \| 19.0M shares outstanding	19M	12M
Mar 04, 2021	10-K filing \| 19.0M shares outstanding	19M	12M
Nov 06, 2020	S-3 filing: The filing is for a shelf registration of common stock, preferred stock, debt securities, and warrants, with a total offering amount of $100,000,000.	18M	13M
Nov 05, 2020	10-Q filing \| 18.1M shares outstanding	18M	0
Aug 06, 2020	10-Q filing \| 18.1M shares outstanding	18M	0
May 08, 2020	10-Q filing \| 18.7M shares outstanding	19M	0
Mar 13, 2020	10-K filing \| 18.6M shares outstanding	19M	0

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