ENDRA Life Sciences Inc. (NDRA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 28, 2026

Risk Assessment Details

Potential Dilution: 2896.22% of current shares
Recent Dilution: 9760.18% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
1.2M
Potential Supply
35M
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

Summary

NDRA currently has 1.2M outstanding shares. with significant dilution risk as 34.7M authorized shares could dilute existing holders by 2896.2%. The company has significantly diluted shareholders by 9760.18% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 28, 2026

8-K filing: ENDRA Life Sciences Inc. entered into a securities purchase agreement to issue 578,387 shares of common stock and warrants in a private placement for expected gross proceeds of approximately $3.8 million. ($3.8M proceeds)

1.2M 35M
May 15, 2026

10-Q filing | 1.2M shares outstanding

1.2M 35M
Mar 31, 2026

10-K filing | 1.2M shares outstanding

1.2M 35M
Nov 14, 2025

8-K filing: ENDRA Life Sciences Inc. closed a private placement offering of 744,340 shares of common stock and warrants to purchase up to 1,488,680 shares of common stock for gross proceeds of approximately $4.9 million on October 15, 2025. ($4.9M proceeds)

540K 35M
Nov 14, 2025

10-Q filing | 1.2M shares outstanding

1.2M 35M
Nov 06, 2025

S-3 filing: This prospectus relates to the possible resale of common stock by selling stockholders.

540K 35M
Oct 15, 2025

8-K filing: ENDRA Life Sciences Inc. entered into a securities purchase agreement to sell 744,340 shares of common stock and warrants to purchase up to 1,488,680 shares of common stock in a private placement offering, with gross proceeds of approximately $4.9 million, along with issuing warrants to Arca for 400,000 shares and warrants to the placement agent for 44,660 shares. ($4.9M proceeds)

540K 32M
Aug 14, 2025

10-Q filing | 0.5M shares outstanding

540K 32M
Jul 25, 2025

S-1/A filing: The company is offering 15,700,000 shares of common stock and pre-funded warrants to purchase up to 15,700,000 shares of common stock, as well as underwriter warrants to purchase up to 628,000 shares of common stock.

560K 32M
Jul 16, 2025

S-1/A filing: The company is offering 15,700,000 shares of common stock and pre-funded warrants to purchase up to an aggregate of 15,700,000 shares of common stock.

560K 32M
Jul 09, 2025

S-1 filing: The company is offering 15,700,000 shares of common stock and pre-funded warrants to purchase up to an aggregate of 15,700,000 shares of common stock.

540K 16M
May 15, 2025

10-Q filing | 0.5M shares outstanding

540K 37K
Mar 31, 2025

10-K filing | 0.0M shares outstanding

5.9K 37K
Nov 07, 2024
Stock Split

8-K filing: Stock split 1-for-35 | Outstanding: 20,000,000 → 571,400

570K 37K
Aug 20, 2024
Stock Split

8-K filing: Stock split 1-for-50 | Outstanding: 72,439,526 → 20,000,000

20M 1.3M
Aug 14, 2024

10-Q filing | 72.4M shares outstanding

72M 65M
Jun 06, 2024

8-K filing: ENDRA Life Sciences, Inc. closed an offering of 6,107,691 shares of common stock and pre-funded warrants to purchase up to 55,430,770 shares of common stock, along with warrants to purchase up to 123,076,922 shares of common stock, for gross proceeds of approximately $8 million. ($0.0M proceeds)

11M 65M
May 31, 2024

S-1/A filing: The filing is for an offering of common stock together with warrants, including pre-funded warrants, Series A warrants, Series B warrants and Placement Agent warrants. A placement agent has been engaged.

11M 280M
May 14, 2024

10-Q filing | 10.9M shares outstanding

11M 99M
May 10, 2024

S-1/A filing: The company is offering shares of common stock together with warrants, pre-funded warrants together with common warrants, and placement agent warrants.

10M 99M
Apr 19, 2024

S-1 filing: This S-1 filing details a firm commitment public offering of common stock, along with Series A and B warrants, and pre-funded warrants to purchase common stock. The common stock and warrants are sold in a fixed combination and are immediately separable.

10M 65M
Mar 28, 2024

S-3/A filing: ENDRA Life Sciences Inc. is offering common stock, preferred stock, debt securities, warrants and units for sale from time to time in one or more offerings on terms to be determined at the time of sale, with an aggregate offering amount of $50,000,000.

11M 65M
Mar 28, 2024

10-K filing | 10.4M shares outstanding

10M 65M
Feb 14, 2024

S-3 filing: ENDRA Life Sciences Inc. files an S-3 to offer common stock, preferred stock, and debt securities for a total proposed amount of $50,000,000.

11M 81M
Nov 14, 2023

10-Q filing | 8.4M shares outstanding

8.4M 59M
Aug 14, 2023

10-Q filing | 7.5M shares outstanding

7.5M 59M
May 15, 2023

10-Q filing | 3.2M shares outstanding

3.2M 59M
May 02, 2023

8-K filing: ENDRA Life Sciences Inc. completed an offering of 3,750,000 shares of common stock and warrants to purchase up to 1,875,000 shares, with the underwriter exercising the over-allotment option to purchase an additional 562,500 shares and warrants to purchase 281,250 shares, resulting in net proceeds of approximately $4.5 million. ($4.5M proceeds)

3.2M 59M
Apr 19, 2023

S-1/A filing: The company is offering 3,000,000 shares of common stock and warrants to purchase up to 1,500,000 shares of common stock.

3.2M 59M
Apr 18, 2023

S-1/A filing: The company is offering 3,000,000 shares of common stock and warrants to purchase up to 1,500,000 shares of common stock.

6.2M 59M
Mar 16, 2023

10-K filing | 3.2M shares outstanding

3.2M 55M
Nov 14, 2022

10-Q filing | 63.2M shares outstanding

63M 55M
Aug 15, 2022

10-Q filing | 63.2M shares outstanding

63M 55M
May 12, 2022

10-Q filing | 44.6M shares outstanding

45M 55M
Mar 30, 2022

10-K filing | 42.6M shares outstanding

43M 55M
Nov 15, 2021

10-Q filing | 42.2M shares outstanding

42M 55M
Aug 12, 2021

10-Q filing | 41.9M shares outstanding

42M 55M
May 17, 2021

10-Q filing | 41.7M shares outstanding

42M 55M
Mar 25, 2021

10-K filing | 8.4M shares outstanding

8.4M 55M
Mar 25, 2021

S-3 filing: ENDRA Life Sciences Inc. files an S-3 registration statement for the potential sale of common stock, preferred stock, and debt securities, with a total proposed amount of $50,000,000.

8.4M 55M
Nov 16, 2020

10-Q filing | 8.4M shares outstanding

8.4M 11M
Aug 14, 2020

10-Q filing | 8.4M shares outstanding

8.4M 11M
May 14, 2020

10-Q filing | 14.5M shares outstanding

15M 11M
Mar 26, 2020

10-K filing | 7.4M shares outstanding

7.4M 11M
Jan 22, 2020

S-3/A filing: This S-3/A filing details the offering of common stock by selling stockholders.

N/A 11M
Jan 10, 2020

S-3 filing: This is an S-3 filing that details the terms of Series A Warrants and Placement Agent Warrants, Series B Preferred Stock, Series B Warrants and Series B Placement Agent Warrants.

N/A 770K
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