Nyxoah SA (NYXH) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 26, 2026

Risk Assessment Details

Potential Dilution: 114.89% of current shares
Recent Dilution: 15.13% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
43M
Potential Supply
49M
Additional shares possible
Splits
None
Past 2 years

Summary

NYXH currently has 43M outstanding shares. with significant dilution risk as 49.4M authorized shares could dilute existing holders by 114.9%. The company has diluted shareholders by 15.13% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 26, 2026

20-F filing | 43.0M shares outstanding

43M 49M
Mar 20, 2025

F-3 filing: This is an F-3 filing for Ordinary Shares, Debt Securities, Warrants, Rights, and Units with a total proposed amount of $200,000,000. It includes an offering of ordinary shares having an aggregate offering price of up to $50.0 million, provided that the number of ordinary shares that may be sold in this offering may not exceed 5,662,694 shares, to be made from time to time through our sales agent, Cantor Fitzgerald & Co.

43M 49M
Mar 20, 2025

20-F filing | 37.4M shares outstanding

37M 49M
Mar 20, 2024

20-F filing | 28.7M shares outstanding

29M 44M
Mar 22, 2023

20-F filing | 25.8M shares outstanding

26M 44M
Dec 22, 2022

F-3 filing: The filing is an F-3 registration statement for a shelf offering, allowing the company to issue up to $200 million in a combination of ordinary shares and debt securities from time to time.

32M 44M
Mar 24, 2022

20-F filing | 25.8M shares outstanding

26M 0
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