NORDIC AMERICAN TANKERS Ltd (NAT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: April 29, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 1.41% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
210M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

NAT currently has 212M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.41% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 29, 2026

20-F filing | 211.8M shares outstanding

210M 0
Apr 29, 2025

20-F filing | 209.9M shares outstanding

210M 0
Mar 11, 2025

F-3 filing: Nordic American Tankers Limited may periodically offer common shares (including preferred share purchase rights), preferred shares, debt securities, warrants, purchase contracts, rights, and units, up to a total amount of $200,000,000.

210M 0
Apr 29, 2024

20-F filing | 208.8M shares outstanding

210M 0
Apr 27, 2023

20-F filing | 202.0M shares outstanding

200M 0
May 11, 2022

20-F filing | 183.7M shares outstanding

180M 0
Dec 14, 2021

F-3 filing: Registration of common shares, preferred share purchase rights, preferred shares, debt securities, warrants, purchase contracts, rights, and units for a total offering amount of $500,000,000 by Nordic American Tankers Limited.

180M 0
Apr 29, 2021

20-F filing | 149.3M shares outstanding

150M 0
Apr 16, 2020

20-F filing | 142.6M shares outstanding

140M 0
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