MAC Copper Ltd (MTAL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 28, 2025

Risk Assessment Details

Potential Dilution: 86.2% of current shares
Recent Dilution: 11.29% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
82M
Potential Supply
71M
Additional shares possible
Splits
None
Past 2 years

Summary

MTAL currently has 82.4M outstanding shares. with significant dilution risk as 71.1M authorized shares could dilute existing holders by 86.2%. The company has diluted shareholders by 11.29% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 28, 2025

20-F filing | 82.4M shares outstanding

82M 71M
Sep 27, 2024

POS AM filing: This POS AM filing relates to the resale of Ordinary Shares by Selling Securityholders and Ordinary Shares issuable upon exercise of Financing Warrants.

74M 71M
Sep 10, 2024

POS AM filing: This POS AM filing relates to the resale of Ordinary Shares by Selling Securityholders and Ordinary Shares issuable upon exercise of Financing Warrants.

74M 71M
Jul 03, 2024

POS AM filing: This POS AM filing details the offering of up to 55,640,065 Ordinary Shares by Selling Securityholders and 3,187,500 Ordinary Shares issuable upon exercise of Financing Warrants.

74M 71M
Apr 08, 2024

POS AM filing: This POS AM filing relates to the issuance of ordinary shares upon the exercise of public warrants and the resale of ordinary shares and private warrants by selling securityholders.

69M 71M
Mar 28, 2024

20-F filing | 50.2M shares outstanding

50M 160M
Dec 22, 2023

F-1 filing: This F-1 filing includes information on sales of products, PIPE financing, debt, metal streams, and the resale of ordinary shares and private warrants by selling securityholders.

50M 160M
Jun 30, 2023

F-1 filing: This F-1 filing includes information on ordinary shares offered by selling securityholders, private warrants offered by the selling securityholders, risks related to the business and industry, and other details.

48M 71M
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