Newegg Commerce, Inc. (NEGG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 28, 2026

Risk Assessment Details

Potential Dilution: 286.09% of current shares
Recent Dilution: 7.67% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
21M
Potential Supply
60M
Additional shares possible
Splits
None
Past 2 years

Summary

NEGG currently has 21M outstanding shares. with significant dilution risk as 60M authorized shares could dilute existing holders by 286.1%. The company has minimally diluted shareholders by 7.67% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 28, 2026

20-F filing | 21.0M shares outstanding

21M 60M
Apr 28, 2025

20-F filing | 19.5M shares outstanding

19M 60M
Apr 24, 2024

20-F filing | 380.4M shares outstanding

380M 60M
Apr 27, 2023

20-F filing | 373.1M shares outstanding

370M 60M
Jul 01, 2022

F-3 filing: Newegg Commerce, Inc. is filing an F-3 to offer common shares, warrants, and/or units up to $300,000,000, and a selling shareholder may offer and sell up to 60,000,000 Common Shares.

370M 60M
Jun 30, 2022

RW filing: The Registration Statement was filed with the Commission in connection with a proposed public offering of the Registrant's common shares but the Registrant intends to register the Common Shares on Form F-3 so that it may incorporate certain information by reference.

370M 0
Apr 28, 2022

20-F filing | 366.7M shares outstanding

370M 300M
Nov 15, 2021

F-1 filing: This F-1 filing is for the registration of common shares.

3.6M 300M
Mar 31, 2021

20-F filing | 2.2M shares outstanding

2.2M 0
Mar 31, 2021

POS AM filing: This is a POS AM filing for Lianluo Smart Limited relating to the resale of up to 118,750 Class A common shares issuable upon exercise of certain outstanding warrants.

3.6M 0
Oct 26, 2020

F-1 filing: This F-1 filing outlines a proposed merger between LLIT and Newegg, a disposition of Lianluo Connection, and a concurrent offering of common shares, with the intention of Newegg's business becoming the sole focus of the post-restructure entity.

3.6M 11M
May 15, 2020

20-F filing | 4.5M shares outstanding

4.5M 11M
Mar 24, 2020

F-1 filing: This F-1 filing from Lianluo Smart Limited concerns the resale of up to 10,990,000 Class A Common Shares issuable upon exercise of outstanding warrants by selling shareholders; the company will not receive any proceeds from the sale.

N/A 11M
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