NLS Pharmaceutics Ltd. (NLSP) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 11, 2026

Risk Assessment Details

Potential Dilution: 1092.96% of current shares
Recent Dilution: 73.82% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
5.4M
Potential Supply
59M
Additional shares possible
Splits
None
Past 2 years

Summary

NLSP currently has 5.38M outstanding shares. with significant dilution risk as 58.8M authorized shares could dilute existing holders by 1093.0%. The company has significantly diluted shareholders by 73.82% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 11, 2026

F-3 filing: This is a registration statement for the resale of up to 2,259,217 common shares by selling shareholders, which includes shares issuable upon conversion of preferred stock and exercise of warrants.

5.4M 59M
Apr 29, 2026

20-F filing | 4.8M shares outstanding

4.8M 57M
Nov 06, 2025

POS AM filing: This is a POS AM filing that discusses the company's cash flow for the six months ended June 30, 2025 and 2024, including details of private placement offerings and warrant exercises.

5.2M 57M
Oct 24, 2025

POS AM filing: This prospectus relates to the offer and sale of up to 5,000,000 of our common shares by Alpha Capital Anstalt, the selling shareholder.

5.2M 57M
Oct 17, 2025

POS AM filing: This is a POS AM filing providing an update on the company's financials, including cash flow, operating activities, and financing activities, as well as details of past securities purchase agreements and warrant amendments.

4.3M 62M
Sep 25, 2025

F-1 filing: This prospectus relates to the offer and sale of up to 5,000,000 of our common shares by Alpha Capital Anstalt, a Liechtenstein Anstalt, or Alpha (the "Selling Shareholder").

4.3M 62M
May 16, 2025

20-F filing | 3.2M shares outstanding

3.2M 57M
Feb 10, 2025

F-3 filing: NLS Pharmaceutics Ltd. is offering common shares, warrants, and units up to a total amount of $75,000,000.

3M 57M
Feb 05, 2025

F-3 filing: This prospectus relates to the resale by the Selling Shareholder identified in this prospectus of up to 645,161 of our Common Shares

3.6M 57M
Oct 23, 2024

F-3 filing: This F-3 filing is for the resale of up to 2,747,437 common shares by selling shareholders.

3.8M 56M
Aug 27, 2024

F-1 filing: This F-1 filing from 2024-08-27 discusses a registered direct offering of 3,277,750 Common Shares at a purchase price of $0.24 per share, which closed on July 1, 2024, along with concurrent private placement of warrants to purchase up to an aggregate of 3,277,750 Common Shares at an exercise of $0.24 per share.

47M 53M
May 30, 2024

F-1 filing: This F-1 filing relates to the resale of up to 3,500,000 Common Shares issuable upon the exercise of warrants issued in a private placement.

43M 47M
May 15, 2024

20-F filing | 38.2M shares outstanding

38M 43M
May 05, 2023

20-F filing | 32.4M shares outstanding

32M 43M
Jan 13, 2023

F-3 filing: NLS Pharmaceutics Ltd. is filing an F-3 to register the resale of up to 11,494,253 common shares by selling shareholders, consisting of shares held by the selling shareholders and shares issuable upon exercise of pre-funded warrants.

32M 43M
Dec 06, 2022

F-3 filing: This is an F-3 filing for NLS Pharmaceutics Ltd. relating to the resale of up to 11,874,690 common shares by selling shareholders, as well as shares issuable upon exercise of warrants.

27M 32M
Jun 10, 2022

F-1 filing: The filing discusses a registered direct offering and concurrent private placement where warrants to purchase common shares were issued. It also mentions a placement agent agreement and corporate information regarding the company's reorganization.

16M 16M
Mar 24, 2022

20-F filing | 16.2M shares outstanding

16M 12M
Feb 03, 2022

F-3 filing: NLS Pharmaceutics Ltd. may offer and sell from time to time in one or more offerings up to a total amount of $75,000,000 of its common shares, CHF 0.02 per share, or the Common Shares, warrants or units.

16M 12M
Dec 20, 2021

F-1 filing: This F-1 filing relates to the offer and sale of up to 1,474,853 common shares by YA II PN, LTD. pursuant to a Standby Equity Distribution Agreement (SEDA).

15M 12M
Oct 22, 2021

F-1 filing: This F-1 filing describes the offering and sale of up to 2,680,211 common shares by YA II PN, LTD., and the potential sale of up to $20.0 million of common shares to YA under a Standby Equity Distribution Agreement (SEDA).

13M 11M
Sep 30, 2021

POS AM filing: This POS AM filing relates to the offering of up to 5,409,746 Common Shares upon the exercise of IPO Warrants and Underwriter Warrants.

12M 0
May 27, 2021

POS AM filing: NLSP is offering up to 5,409,746 common shares upon the exercise of IPO Warrants to purchase 4,542,277 Common Shares, plus an additional 722,891 warrants purchased pursuant to the exercise of an underwriters' overallotment option, and Underwriter Warrants to purchase 144,578 Common Shares.

12M 0
May 14, 2021

20-F filing | 7.0M shares outstanding

7M 0
Feb 28, 2020

F-1 filing: NLS Pharmaceutics Ltd. is offering its common shares in an initial public offering, and is also issuing warrants to Maxim Group LLC to purchase a number of shares equal to 3% of the total number of common shares sold in this offering.

N/A 0
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