Marker Therapeutics, Inc. (MRKR) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 18, 2026

Risk Assessment Details

Potential Dilution: 82.86% of current shares
Recent Dilution: 61.63% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
15M
Potential Supply
13M
Additional shares possible
Splits
None
Past 2 years

Summary

MRKR currently has 15.3M outstanding shares. with significant dilution risk as 12.7M authorized shares could dilute existing holders by 82.9%. The company has significantly diluted shareholders by 61.63% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 18, 2026

10-K filing | 15.3M shares outstanding

15M 13M
May 15, 2025

10-Q filing | 11.1M shares outstanding

11M 17M
Mar 31, 2025

10-K filing | 10.7M shares outstanding

11M 17M
Feb 19, 2025

8-K filing: On February 12, 2024, the Company's Board of Directors approved a discretionary award of 30,000 stock options to each of David Eansor, Katherine Knobil and Steven Elms under the Plan.

11M 17M
Jan 10, 2025

S-3 filing: This prospectus relates to the resale, from time to time, of up to 10,062,500 shares of our common stock, by the selling stockholders.

11M 17M
Dec 23, 2024

8-K filing: Marker Therapeutics, Inc. closed a private placement on December 23, 2024, issuing 1,783,805 shares of Common Stock and warrants to purchase additional shares for gross proceeds of approximately $16.1 million. ($16.1M proceeds)

8.9M 9M
Dec 19, 2024

8-K filing: Marker Therapeutics, Inc. entered into a securities purchase agreement for a private placement expected to provide gross proceeds of $16.1 million, selling 5,031,250 shares of its common stock (or pre-funded warrants) and accompanying warrants. ($16.1M proceeds)

8.9M 9M
Nov 27, 2024

S-3 filing: The company is filing an S-3 to offer Common Stock, Preferred Stock, Debt Securities and Warrants from time to time for a total amount of $300,000,000.

8.9M 9M
Nov 14, 2024

10-Q filing | 8.9M shares outstanding

8.9M 5.6M
Aug 14, 2024

10-Q filing | 8.9M shares outstanding

8.9M 5.6M
May 15, 2024

10-Q filing | 8.9M shares outstanding

8.9M 5.6M
Mar 26, 2024

10-K filing | 8.8M shares outstanding

8.8M 5.7M
Nov 09, 2023

10-Q filing | 8.8M shares outstanding

8.8M 5.7M
Aug 14, 2023

10-Q filing | 8.8M shares outstanding

8.8M 5.7M
May 15, 2023

10-Q filing | 8.7M shares outstanding

8.7M 5.8M
Mar 22, 2023

10-K filing | 8.4M shares outstanding

8.4M 6.1M
Jan 26, 2023
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 83,599,187 → 8,359,918

8.4M 6.1M
Dec 23, 2022

S-1 filing: This S-1 filing relates to the offer and sale of up to 25,770,990 shares of common stock by Lincoln Park Capital Fund, LLC, including shares that may be issued and sold to Lincoln Park under a common stock purchase agreement for up to $25,000,000.

84M 61M
Dec 13, 2022

8-K filing: Marker Therapeutics, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, for the sale of up to $25,000,000 of shares of its common stock over a 24-month period, and issued 1,804,098 Commitment Shares to Lincoln Park as consideration for its commitment.

84M 36M
Nov 10, 2022

10-Q filing | 83.6M shares outstanding

84M 36M
Aug 11, 2022

10-Q filing | 83.6M shares outstanding

84M 36M
May 13, 2022

10-Q filing | 83.1M shares outstanding

83M 36M
Mar 17, 2022

10-K filing | 76.5M shares outstanding

77M 43M
Nov 10, 2021

10-Q filing | 83.1M shares outstanding

83M 36M
Aug 10, 2021

S-3 filing: The filing is an S-3 form for a shelf offering of common stock, preferred stock, debt securities, and warrants, with a total offering amount of up to $300,000,000. Additionally, the company is offering common stock through an 'at the market offering' that may be made from time to time through our Sales Agents with an aggregate offering price of up to $75,000,000.

83M 36M
Aug 10, 2021

10-Q filing | 83.0M shares outstanding

83M 36M
May 12, 2021

10-Q filing | 83.0M shares outstanding

83M 0
Mar 16, 2021

8-K filing: Marker Therapeutics, Inc. completed a public offering of 28,572,000 shares of common stock at $1.75 per share, with the underwriters partially exercising their option to purchase an additional 3,710,857 shares, resulting in gross proceeds of approximately $56.5 million. ($56.5M proceeds)

47M 0
Mar 09, 2021

10-K filing | 47.0M shares outstanding

47M 0
Nov 09, 2020

10-Q filing | 46.9M shares outstanding

47M 0
Aug 10, 2020

10-Q filing | 46.6M shares outstanding

47M 0
May 11, 2020

10-Q filing | 45.5M shares outstanding

45M 0
Mar 12, 2020

10-K filing | 46.5M shares outstanding

47M 0
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