Ocugen, Inc. (OCGN) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
OCGN currently has 304M outstanding shares. with significant dilution risk as 272M authorized shares could dilute existing holders by 89.4%. The company has significantly diluted shareholders by 28.36% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Mar 20, 2026 |
8-K filing: On March 12, 2026, an investor exercised warrants to purchase 10,000,000 shares of Ocugen Inc. common stock for gross proceeds of $15.0 million. ($15.0M proceeds) |
300M | 270M |
| Jan 21, 2026 |
8-K filing: Ocugen, Inc. entered into an underwriting agreement to issue and sell 15,000,000 shares of common stock at $1.50 per share, with net proceeds expected to be approximately $20.8 million. ($22.5M proceeds) |
300M | 270M |
| Nov 05, 2025 |
10-Q filing | 304.0M shares outstanding |
300M | 270M |
| May 09, 2025 |
10-Q filing | 292.0M shares outstanding |
290M | 270M |
| Mar 05, 2025 |
10-K filing | 271.0M shares outstanding |
270M | 270M |
| Jan 31, 2025 |
S-3 filing: This S-3 filing relates to the offer and sale of up to 57,542,768 shares of common stock by selling stockholders, issuable upon conversion of notes and from a private placement. |
290M | 270M |
| Nov 14, 2024 |
10-Q filing | 278.2M shares outstanding |
280M | 210M |
| Nov 08, 2024 |
8-K filing: Ocugen, Inc. entered into a Loan and Security Agreement with Avenue Capital Management and issued 1,056,338 shares of common stock to the lenders. |
290M | 210M |
| Aug 08, 2024 |
10-Q filing | 287.9M shares outstanding |
290M | 210M |
| Aug 01, 2024 |
8-K filing: Ocugen, Inc. entered into an underwriting agreement to sell 30,434,783 shares of common stock at $1.15 per share in a public offering, with an option for the underwriter to purchase an additional 4,565,217 shares, expecting net proceeds of approximately $32.6 million. ($35.0M proceeds) |
260M | 210M |
| May 14, 2024 |
10-Q filing | 257.2M shares outstanding |
260M | 210M |
| May 10, 2024 |
8-K filing: Ocugen, Inc. declared a dividend of one one-thousandth (1/1,000th) of a share of Series C Preferred Stock for each outstanding share of the Company's common stock to stockholders of record at 5:00 p.m. Eastern Time on May 20, 2024. |
240M | 210M |
| Apr 18, 2024 |
S-3 filing: Ocugen may offer and sell up to $175,000,000 in the aggregate principal amount of common stock, preferred stock, and debt securities. |
240M | 210M |
| Apr 16, 2024 |
10-K filing | 244.3M shares outstanding |
240M | 210M |
| Nov 09, 2023 |
10-Q filing | 256.5M shares outstanding |
260M | 210M |
| Aug 21, 2023 |
10-Q filing | 238.3M shares outstanding |
240M | 210M |
| May 25, 2023 |
8-K filing: Ocugen, Inc. entered into an underwriting agreement with Cantor Fitzgerald & Co. to issue and sell 30,000,000 shares of common stock at a price of $0.50 per share, with an option for the underwriter to purchase an additional 4,500,000 shares. ($15.0M proceeds) |
230M | 210M |
| May 05, 2023 |
10-Q filing | 225.5M shares outstanding |
230M | 210M |
| Feb 28, 2023 |
10-K filing | 214.6M shares outstanding |
210M | 210M |
| Feb 28, 2023 |
POS AM filing: Ocugen may offer and sell, from time to time, up to $175,000,000 in aggregate principal amount of common stock, preferred stock and debt securities in one or more offerings. |
220M | 210M |
| Nov 08, 2022 |
10-Q filing | 216.6M shares outstanding |
220M | 210M |
| Aug 05, 2022 |
10-Q filing | 215.9M shares outstanding |
220M | 210M |
| May 06, 2022 |
10-Q filing | 205.7M shares outstanding |
210M | 210M |
| Feb 28, 2022 |
10-K filing | 195.0M shares outstanding |
200M | 210M |
| Feb 25, 2022 |
8-K filing: Ocugen, Inc. entered into an underwriting agreement to issue and sell 15,973,420 shares of common stock at $3.13 per share, with an option for the underwriter to purchase an additional 2,396,013 shares. ($0.0M proceeds) |
200M | 210M |
| Jan 28, 2022 |
8-K filing: Ocugen, Inc. issued warrants to Liminal Biosciences, Inc. to purchase 2,311,404 shares of Ocugen's common stock at an exercise price of $3.76 as consideration for entering into a non-binding letter of intent for the acquisition of Liminal's manufacturing site. |
200M | 210M |
| Nov 09, 2021 |
10-Q filing | 198.8M shares outstanding |
200M | 210M |
| Aug 06, 2021 |
10-Q filing | 195.6M shares outstanding |
200M | 210M |
| May 07, 2021 |
10-Q filing | 198.2M shares outstanding |
200M | 210M |
| Apr 27, 2021 |
8-K filing: Ocugen, Inc. entered into a Securities Purchase Agreement to issue and sell 10,000,000 shares of common stock at $10.00 per share in a registered direct offering, with gross proceeds of approximately $100 million, and H.C. Wainwright & Co., LLC acting as placement agent with a cash fee of 6.5% of the gross proceeds. ($100.0M proceeds) |
200M | 210M |
| Mar 19, 2021 |
10-K filing | 188.1M shares outstanding |
190M | 210M |
| Feb 09, 2021 |
8-K filing: Ocugen, Inc. entered into a Securities Purchase Agreement to issue and sell 3,000,000 shares of common stock at a price of $7.65 per share in a registered direct offering, expecting to receive gross proceeds of approximately $23.0 million. ($23.0M proceeds) |
160M | 210M |
| Nov 06, 2020 |
10-Q filing | 162.0M shares outstanding |
160M | 210M |
| Aug 14, 2020 |
10-Q filing | 135.0M shares outstanding |
140M | 210M |
| May 08, 2020 |
10-Q filing | 74.5M shares outstanding |
75M | 210M |
| Apr 22, 2020 |
8-K filing: Ocugen, Inc. completed a private placement of Common Stock and entered into Amendment and Exchange Agreements with investors, exchanging Series A Warrants for common stock and promissory notes; the company also reports current shares outstanding. |
75M | 210M |
| Mar 27, 2020 |
10-K filing | 52.6M shares outstanding |
53M | 210M |
| Mar 27, 2020 |
S-3 filing: Ocugen, Inc. files an S-3 registration statement to offer and sell up to $75,000,000 in the aggregate of common stock, preferred stock, debt securities, warrants, and/or units from time to time. |
N/A | 210M |