Neuraxis, INC (NRXS) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
NRXS currently has 12.4M outstanding shares. with significant dilution risk as 19.9M authorized shares could dilute existing holders by 160.4%. The company has significantly diluted shareholders by 70.58% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 12, 2026 |
10-Q filing | 12.4M shares outstanding |
12M | 20M |
| Apr 22, 2026 |
8-K filing: From August 29, 2025 through April 20, 2026, the Company sold 1,125,281 shares of Common Stock pursuant to the At The Market Offering Agreement. |
11M | 20M |
| Mar 19, 2026 |
10-K filing | 11.2M shares outstanding |
11M | 20M |
| Aug 12, 2025 |
10-Q filing | 9.9M shares outstanding |
9.9M | 20M |
| May 22, 2025 |
8-K filing: Neuraxis, Inc. entered into a securities purchase agreement to sell 1,538,461 shares of common stock at $3.25 per share, with gross proceeds expected to be approximately $5.0 million. ($5.0M proceeds) |
7.5M | 20M |
| May 21, 2025 |
8-K filing: The company entered into a settlement agreement and issued shares through warrant exercises and preferred stock conversions. ($1.0M proceeds) |
7.5M | 20M |
| May 12, 2025 |
10-Q filing | 7.5M shares outstanding |
7.5M | 20M |
| Mar 20, 2025 |
10-K filing | 6.9M shares outstanding |
6.9M | 20M |
| Feb 05, 2025 |
S-3/A filing: The filing is an S-3/A registration statement for the offering of common stock and preferred stock by the company and common stock by selling stockholders, with an aggregate offering price not to exceed $25,000,000. |
7.2M | 20M |
| Dec 13, 2024 |
S-3 filing: The filing is an S-3 registration statement covering common stock and preferred stock offered by the company and selling stockholders, with an aggregate offering price not to exceed $25,000,000. |
7M | 17M |
| Nov 15, 2024 |
8-K filing: Neuraxis, Inc. issued 2,100,840 shares of Series B Convertible Preferred Stock to three related investors for approximately $5 million, with the transaction closing on November 13, 2024. ($5.0M proceeds) |
7.2M | 1.2M |
| Nov 12, 2024 |
10-Q filing | 7.2M shares outstanding |
7.2M | 1.2M |
| Oct 18, 2024 |
8-K filing: Neuraxis, Inc. entered into the fourth amendment to the Flagstaff SPA to change the investment amount from $5 million to $1.8 million for an additional 420,168 shares of Series B Preferred Stock, and entered into securities purchase agreements with investors for the issuance and purchase of 60,924 shares of Series B Preferred Stock for $145,000. ($0.15M proceeds) |
6.9M | 1.2M |
| Sep 13, 2024 |
8-K filing: On September 9, 2024, $4,935,001.90 of principal owed pursuant to the Preferred Stock Notes was automatically converted into a total of 2,073,524 shares of Preferred Stock. |
6.9M | 1.2M |
| Aug 09, 2024 |
10-Q filing | 6.9M shares outstanding |
6.9M | 1.2M |
| May 20, 2024 |
10-Q filing | 6.6M shares outstanding |
6.6M | 1.2M |
| Apr 16, 2024 |
10-K filing | 6.6M shares outstanding |
6.6M | 1.2M |
| Nov 20, 2023 |
10-Q filing | 5.3M shares outstanding |
5.3M | 1.2M |
| Sep 22, 2023 |
10-Q filing | 5.0M shares outstanding |
5M | 1.2M |
| Jul 28, 2023 |
S-1/A filing: This S-1/A filing relates to a proposed offering of common stock with an estimated public offering price of $6.00 per share, along with shares offered by selling stockholders, and details the company's business, risks, and financial condition. |
2M | 1.2M |
| Jul 21, 2023 |
S-1/A filing: This S-1/A filing outlines a proposed offering of 1,166,667 shares of common stock at an estimated price of $6.00 per share, along with an overview of Neuraxis, Inc.'s business, financial condition, and risk factors. |
2M | 1.2M |
| Jun 29, 2023 |
S-1/A filing: This S-1/A filing relates to a company offering shares of common stock to the public. |
2M | 940K |
| Jun 01, 2023 |
S-1/A filing: This S-1/A filing describes an offering of common stock, potential over-allotment, underwriter warrants, and the potential for selling stockholders to offer shares. |
2M | 350K |
| Feb 13, 2023 |
S-1/A filing: This S-1/A filing describes an offering of 1,875,000 Units, each consisting of one share of common stock and one warrant to purchase one share of common stock, at an estimated public offering price of $8.00 per Unit, as well as Underwriter's Warrants to purchase a number of shares of common stock equal in the aggregate to six percent (6%) of the total number of Units issued in this offering. |
2M | 2M |
| Feb 13, 2023 |
S-1/A filing: This S-1/A filing outlines a proposed offering of units consisting of common stock and warrants, as well as common stock offered by selling stockholders, with the proceeds intended for sales and marketing, research and development, and debt repayment. |
2M | 2M |
| Feb 06, 2023 |
S-1/A filing: This S-1/A filing relates to a proposed offering of 1,875,000 shares of common stock, with an over-allotment option for the underwriter to purchase an additional 281,250 shares. The company intends to use the net proceeds for sales and marketing, research and development, repayment of convertible notes, payments to executive officers, and general corporate purposes. |
2M | 2M |
| Jan 26, 2023 |
S-1/A filing: The company is filing an S-1/A to offer 1,875,000 shares of common stock to the public at an estimated price between $7.00 and $9.00 and is offering the underwriter warrants to purchase common stock. |
2M | 2M |
| Jan 10, 2023 |
S-1 filing: This S-1 filing outlines a proposed offering of common stock and Underwriter's Warrants, with the intention to list on the Nasdaq Capital Market under the symbol "NRXS," with proceeds intended for sales and marketing, research and development, repayment of convertible notes, and general corporate purposes. |
3.9M | 0 |