NewAmsterdam Pharma Co N.V. (NAMS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 05, 2025

Risk Assessment Details

Potential Dilution: 28.16% of current shares
Recent Dilution: 33.03% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
120M
Potential Supply
34M
Additional shares possible
Splits
None
Past 2 years

Summary

NAMS currently has 119M outstanding shares. with moderate dilution risk from 33.5M authorized shares representing 28.2% potential dilution. The company has significantly diluted shareholders by 33.03% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 05, 2025

10-Q filing | 119.0M shares outstanding

120M 34M
Aug 06, 2025

10-Q filing | 118.6M shares outstanding

120M 34M
May 08, 2025

10-Q filing | 116.1M shares outstanding

120M 34M
Feb 28, 2025

S-3 filing: The company intends to offer and sell, from time to time, up to $500 million of ordinary shares, debt securities, warrants, subscription rights, purchase contracts and/or units.

110M 34M
Feb 26, 2025

10-K filing | 109.8M shares outstanding

110M 21M
Nov 06, 2024

10-Q filing | 94.8M shares outstanding

95M 21M
Aug 09, 2024

POS AM filing: This is a Post-Effective Amendment to terminate the effectiveness of a registration statement and deregister all unsold securities.

95M 21M
Aug 07, 2024

10-Q filing | 94.7M shares outstanding

95M 21M
Jul 03, 2024

S-3 filing: The company is filing an S-3 to offer and sell up to $400 million of ordinary shares, debt securities, warrants, subscription rights, purchase contracts and/or units from time to time.

88M 21M
May 08, 2024

10-Q filing | 88.4M shares outstanding

88M 0
Apr 12, 2024

POS AM filing: This POS AM filing describes the potential offering of up to $400 million of ordinary shares, debt securities, warrants, subscription rights, purchase contracts and/or units, and specifies an ATM offering of ordinary shares up to $150 million through TD Cowen.

82M 0
Feb 28, 2024

10-K filing | 82.2M shares outstanding

82M 41M
Feb 28, 2024

POS AM filing: This POS AM filing includes information on the offering of Ordinary Shares underlying Rollover Options, Ordinary Shares issuable upon exercise of warrants, Earnout Shares, and Ordinary Shares offered for re-sale by Selling Securityholders.

89M 41M
Dec 07, 2023

F-3 filing: The company is filing an F-3 to register an offering of ordinary shares, debt securities, warrants, subscription rights, purchase contracts and/or units up to an aggregate of $400,000,000.

82M 41M
Aug 07, 2023

POS AM filing: This is a POS AM filing to register (i) issuance of Ordinary Shares underlying Rollover Options, Ordinary Shares issuable upon exercise of Warrants, and Earnout Shares and (ii) offer and sale from time to time of Ordinary Shares and Private Placement Warrants by the Selling Securityholders.

82M 0
Apr 17, 2023

POS AM filing: This POS AM filing includes information on ordinary shares offered by the company, ordinary shares offered for re-sale by selling securityholders, warrants offered by selling securityholders, and ordinary shares outstanding.

82M 0
Mar 31, 2023

20-F filing | 81.6M shares outstanding

82M 79M
Dec 20, 2022

F-1 filing: This F-1 filing includes information on the offering of Ordinary Shares by the company and Ordinary Shares and Warrants offered for re-sale by Selling Securityholders.

82M 79M
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