Neurogene Inc. (NGNE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 147.33% of current shares
Recent Dilution: 25.44% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
16M
Potential Supply
23M
Additional shares possible
Splits
None
Past 2 years

Summary

NGNE currently has 15.8M outstanding shares. with significant dilution risk as 23.3M authorized shares could dilute existing holders by 147.3%. The company has significantly diluted shareholders by 25.44% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 15.8M shares outstanding

16M 23M
Mar 24, 2026

10-K filing | 15.6M shares outstanding

16M 24M
Nov 13, 2025

10-Q filing | 15.5M shares outstanding

15M 24M
Aug 11, 2025

10-Q filing | 14.3M shares outstanding

14M 25M
May 09, 2025

10-Q filing | 14.3M shares outstanding

14M 25M
Mar 24, 2025

POS AM filing: This POS AM filing relates to the offering of 4,000,042 shares of common stock by selling stockholders, which includes 2,165,042 shares of Common Stock issuable upon the exercise of Pre-Funded Warrants held by certain of the Selling Stockholders.

15M 24M
Mar 24, 2025

S-3 filing: The filing is an S-3 shelf registration for the potential issuance of up to $300,000,000 of various securities including common stock, preferred stock, debt securities, warrants and/or units.

15M 24M
Mar 24, 2025

10-K filing | 14.9M shares outstanding

15M 24M
Dec 02, 2024

S-1 filing: An S-1 filing indicating future sales of shares by existing stockholders could cause the stock price to decline. The offering includes 4,000,042 shares of common stock to be offered by selling stockholders, which includes 2,165,042 shares of common stock issuable upon the exercise of pre-funded warrants.

15M 7.1M
Nov 18, 2024

10-Q filing | 14.9M shares outstanding

15M 3.1M
Aug 09, 2024

10-Q filing | 13.0M shares outstanding

13M 5M
May 10, 2024

10-Q filing | 13.0M shares outstanding

13M 5M
Mar 18, 2024

10-K filing | 12.9M shares outstanding

13M 5.1M
Nov 14, 2023

10-Q filing | 9.4M shares outstanding

9.4M 8.6M
Sep 25, 2023
Stock Split

8-K filing: Stock split 1-for-5 | Outstanding: 44,021,429 → 8,805,285

8.8M 9.2M
Aug 10, 2023

10-Q filing | 44.0M shares outstanding

44M 46M
May 08, 2023

10-Q filing | 42.8M shares outstanding

43M 47M
Mar 20, 2023

10-K filing | 42.8M shares outstanding

43M 47M
Nov 14, 2022

10-Q filing | 42.6M shares outstanding

43M 47M
Aug 09, 2022

10-Q filing | 42.6M shares outstanding

43M 47M
May 09, 2022

S-3 filing: Neoleukin Therapeutics, Inc. is registering 15,309,270 shares of common stock for resale by the selling stockholder.

42M 47M
May 09, 2022

10-Q filing | 42.5M shares outstanding

43M 47M
Mar 01, 2022

10-K filing | 42.5M shares outstanding

42M 32M
Nov 04, 2021

10-Q filing | 42.4M shares outstanding

42M 32M
Aug 05, 2021

10-Q filing | 42.4M shares outstanding

42M 32M
May 12, 2021

10-Q filing | 42.3M shares outstanding

42M 32M
Mar 25, 2021

10-K filing | 42.3M shares outstanding

42M 32M
Dec 11, 2020

S-3 filing: Neoleukin Therapeutics, Inc. is offering Common Stock, Preferred Stock, Debt Securities, Warrants, Subscription Rights and Units for a total aggregate amount of $400,000,000.

42M 33M
Nov 09, 2020

10-Q filing | 41.9M shares outstanding

42M 0
Aug 12, 2020

10-Q filing | 41.7M shares outstanding

42M 0
May 06, 2020

10-Q filing | 38.5M shares outstanding

38M 0
Mar 12, 2020

10-K filing | 38.4M shares outstanding

38M 0
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