National CineMedia, Inc. (NCMI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
NCMI currently has 93.2M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 2.17% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 12, 2026 |
10-Q filing | 93.2M shares outstanding |
93M | 0 |
| Oct 30, 2025 |
10-Q filing | 93.7M shares outstanding |
94M | 0 |
| Sep 29, 2025 |
S-3/A filing: This S-3/A filing indicates National CineMedia, Inc. is offering up to $300,000,000 of any combination of common stock, preferred stock, depositary shares, debt securities, purchase contracts, along with an offering of up to 27,144,638 shares of common stock by a selling stockholder. |
94M | 0 |
| Aug 05, 2025 |
S-3 filing: This S-3 filing describes a shelf offering of common stock, preferred stock, depositary shares, debt securities, warrants, purchase contracts and units for up to $300,000,000 in one or more offerings, and also covers the offering and potential resale by the selling stockholder identified herein of up to 26,664,349 shares of our common stock. |
95M | 0 |
| Aug 05, 2025 |
10-Q filing | 94.0M shares outstanding |
94M | 0 |
| May 06, 2025 |
10-Q filing | 95.4M shares outstanding |
95M | 0 |
| Mar 21, 2025 |
8-K filing: National CineMedia, Inc. adjusted common membership units for members of NCM LLC according to the Common Unit Adjustment Agreement, resulting in AMC returning 3,290 units and NCM, Inc. owning 95,758,781 units post adjustment; the Board of Directors adopted an amendment to the Company's Amended and Restated Bylaws that reduces the number of directors from nine to seven, effective immediately prior to the start of the Company's 2025 Annual Meeting of Stockholders. |
96M | 0 |
| Mar 06, 2025 |
10-K filing | 95.9M shares outstanding |
96M | 0 |
| Nov 05, 2024 |
10-Q filing | 95.2M shares outstanding |
95M | 0 |
| Aug 05, 2024 |
10-Q filing | 96.4M shares outstanding |
96M | 0 |
| May 06, 2024 |
10-Q filing | 96.9M shares outstanding |
97M | 0 |
| Mar 22, 2024 |
8-K filing: National CineMedia, Inc. issued common membership units in National CineMedia LLC to AMC and Cinemark based on the Common Unit Adjustment Agreement for the fiscal year ended December 28, 2023; these units may be redeemable for an equal number of shares of NCM, Inc.'s Common Stock. |
97M | 0 |
| Mar 18, 2024 |
10-K filing | 97.0M shares outstanding |
97M | 0 |
| Nov 07, 2023 |
10-Q filing | 96.8M shares outstanding |
97M | 0 |
| Aug 07, 2023 |
8-K filing: NCM Inc. entered into a Loan, Security and Guarantee Agreement, a Director Designation Agreement, filed a Certificate of Designation for Series B Non-Convertible Preferred Stock, and Regal surrendered its shares of common stock for cancellation. |
97M | 0 |
| Aug 03, 2023 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 174,058,637 → 17,405,863 |
17M | 0 |
| Aug 01, 2023 |
10-Q filing | 174.1M shares outstanding |
170M | 0 |
| Jun 28, 2023 |
8-K filing: National CineMedia, Inc. issued 5,000,000 Series A Preferred Shares to Omni Agent Solutions, Inc. on June 28, 2023, in connection with the completion of NCM LLC's restructuring and emergence from Chapter 11. |
170M | 0 |
| May 09, 2023 |
10-Q filing | 174.1M shares outstanding |
170M | 0 |
| Apr 13, 2023 |
10-K filing | 174.1M shares outstanding |
170M | 0 |
| Mar 31, 2023 |
8-K filing: Cinemark redeemed 1,720,935 common membership units of NCM LLC for shares of National CineMedia, Inc.'s common stock on a one-for-one basis, and NCM LLC members will have their common membership units adjusted based on increases or decreases in attendance. |
82M | 0 |
| Feb 24, 2023 |
8-K filing: Cinemark redeemed 41,969,862 common membership units for an equal number of newly issued shares of National CineMedia, Inc.'s common stock. |
82M | 0 |
| Dec 30, 2022 |
8-K filing: National CineMedia, Inc. issued 40,683,797 shares of its Common Stock to NCM LLC in exchange for common membership units surrendered and redeemed by Regal Cinemas, Inc. and Regal CineMedia Holdings, LLC. |
82M | 0 |
| Dec 02, 2022 |
8-K filing: National CineMedia, Inc. redeemed 5,954,646 common membership units from American Multi-Cinema, Inc. (AMC) in exchange for newly issued shares of its Common Stock on a one-for-one basis. |
82M | 0 |
| Nov 07, 2022 |
10-Q filing | 81.6M shares outstanding |
82M | 0 |
| Oct 25, 2022 |
S-3/A filing: This S-3/A filing describes a shelf offering of common stock, warrants, or units. It details the terms of the common stock, including voting rights, dividend rights, and liquidation rights. It also mentions that the company is authorized to issue up to 260,000,000 shares of common stock. |
260M | 0 |
| Oct 11, 2022 |
S-3 filing: This is an S-3 filing describing a shelf registration for common stock, warrants or units. The certificate authorizes the company to issue up to 260,000,000 shares of common stock at $0.01 par value. |
260M | 0 |
| Aug 08, 2022 |
10-Q filing | 81.5M shares outstanding |
81M | 0 |
| Jun 03, 2022 |
S-3 filing: The filing is an S-3 form related to a shelf offering, allowing selling stockholders to offer and sell shares of the company's common stock to the public at prices they choose. |
81M | 0 |
| May 09, 2022 |
10-Q filing | 81.0M shares outstanding |
81M | 0 |
| Apr 05, 2022 |
8-K filing: National CineMedia, Inc. adjusted common membership units for Founding Members (Regal, AMC, and Cinemark) of National CineMedia, LLC based on theater attendance changes, issuing a net total of 4,140,896 units. |
80M | 0 |
| Mar 03, 2022 |
10-K filing | 79.9M shares outstanding |
80M | 0 |
| Nov 08, 2021 |
10-Q filing | 80.4M shares outstanding |
80M | 0 |
| Aug 09, 2021 |
10-Q filing | 80.1M shares outstanding |
80M | 0 |
| May 10, 2021 |
10-Q filing | 78.5M shares outstanding |
78M | 1.3M |
| Apr 06, 2021 |
8-K filing: American Multi-Cinema, Inc. redeemed 1,390,567 common membership units of NCM LLC for shares of NCM Inc.'s common stock on a one-for-one basis, and NCM LLC members received an additional 3,047,582 common membership units of NCM LLC on April 14, 2021. |
78M | 1.8M |
| Mar 09, 2021 |
10-K filing | 78.0M shares outstanding |
78M | 1.8M |
| Nov 02, 2020 |
10-Q filing | 78.0M shares outstanding |
78M | 1.7M |
| Aug 03, 2020 |
10-Q filing | 78.0M shares outstanding |
78M | 1.8M |
| May 05, 2020 |
10-Q filing | 77.2M shares outstanding |
77M | 2.6M |
| May 05, 2020 |
S-3 filing: This S-3 filing from 2020-05-05 relates to a shelf offering of common stock by selling stockholders. |
80M | 0 |
| Feb 20, 2020 |
10-K filing | 79.8M shares outstanding |
80M | 0 |