Newsmax Inc. (NMAX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 522.85% of current shares
Recent Dilution: 127.91% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
39M
Potential Supply
210M
Additional shares possible
Splits
None
Past 2 years

Summary

NMAX currently has 39.2M outstanding shares. with significant dilution risk as 205M authorized shares could dilute existing holders by 522.9%. The company has significantly diluted shareholders by 127.91% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 39.2M shares outstanding

39M 210M
Nov 13, 2025

10-Q filing | 39.2M shares outstanding

39M 210M
Aug 19, 2025

10-Q filing | 39.2M shares outstanding

39M 210M
May 23, 2025

S-1/A filing: This prospectus relates to the resale from time to time of up to 25,633,636 shares of Class B common stock of Newsmax Inc., consisting of shares of Class B Common Stock that we may elect to issue and sell to the Selling Stockholder, from time to time, pursuant to a standby equity purchase agreement.

89M 210M
May 15, 2025

10-Q filing | 39.2M shares outstanding

39M 150M
May 09, 2025

S-1/A filing: The selling stockholders are offering on a resale basis an aggregate of 121,282,452 shares of Class B common stock.

89M 150M
Apr 16, 2025

S-1 filing: This S-1 filing relates to the resale of up to 25,633,636 shares of Class B common stock by YA II PN, Ltd., consisting of 8,724 Commitment Shares and up to 25,624,912 shares issuable under a standby equity purchase agreement for up to $1,200,000,000.

89M 150M
Apr 07, 2025

8-K filing: The Company entered into a Standby Equity Purchase Agreement with Yorkville for the right to sell up to $1,200,000,000 of its Class B common stock, subject to certain limitations and conditions.

89M 120M
Apr 04, 2025

S-1 filing: The selling stockholders are offering on a resale basis an aggregate of 121,288,655 shares of Class B common stock.

89M 120M
Mar 28, 2025

8-K filing: Newsmax Inc. completed an offering of 7,500,000 shares of Class B Common Stock at $10.00 per share through Digital Offering, LLC, resulting in gross proceeds of $75,000,000. ($75.0M proceeds)

N/A 0
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