Passage BIO, Inc. (PASG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 76.09% of current shares
Recent Dilution: 5.68% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
3.2M
Potential Supply
2.4M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

PASG currently has 3.21M outstanding shares. with significant dilution risk as 2.44M authorized shares could dilute existing holders by 76.1%. The company has minimally diluted shareholders by 5.68% over the past 2 years. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 3.2M shares outstanding

3.2M 2.4M
Nov 10, 2025

10-Q filing | 3.2M shares outstanding

3.2M 2.4M
Aug 12, 2025

10-Q filing | 3.2M shares outstanding

3.2M 2.4M
Jul 14, 2025
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 62,109,991 → 3,120,295

3.1M 2.4M
May 13, 2025

10-Q filing | 62.1M shares outstanding

62M 49M
Mar 04, 2025

10-K filing | 60.4M shares outstanding

60M 49M
Nov 13, 2024

10-Q filing | 61.8M shares outstanding

62M 49M
Aug 08, 2024

10-Q filing | 61.7M shares outstanding

62M 49M
May 14, 2024

10-Q filing | 56.3M shares outstanding

56M 49M
Mar 04, 2024

S-3 filing: The company may offer up to $200,000,000 aggregate dollar amount of shares of its common stock or preferred stock, debt securities, warrants to purchase our common stock, preferred stock or debt securities, subscription rights to purchase our common stock, preferred stock or debt securities and/or units consisting of some or all of these securities.

55M 49M
Mar 04, 2024

10-K filing | 54.7M shares outstanding

55M 49M
Nov 13, 2023

10-Q filing | 54.8M shares outstanding

55M 20M
Aug 07, 2023

10-Q filing | 54.7M shares outstanding

55M 20M
May 11, 2023

10-Q filing | 54.6M shares outstanding

55M 20M
Mar 06, 2023

10-K filing | 54.4M shares outstanding

54M 20M
Nov 10, 2022

10-Q filing | 54.5M shares outstanding

54M 20M
Aug 04, 2022

10-Q filing | 54.4M shares outstanding

54M 20M
May 16, 2022

10-Q filing | 54.3M shares outstanding

54M 20M
Mar 03, 2022

10-K filing | 53.3M shares outstanding

53M 20M
Mar 03, 2022

POS AM filing: This is a POS AM filing for a potential offering of common stock, preferred stock, debt securities, warrants, subscription rights and units up to an aggregate amount of $300,000,000, including an at the market offering of common stock through Cowen.

54M 20M
Nov 04, 2021

10-Q filing | 54.1M shares outstanding

54M 20M
Aug 05, 2021

10-Q filing | 54.1M shares outstanding

54M 20M
May 05, 2021

10-Q filing | 54.0M shares outstanding

54M 20M
Mar 03, 2021

10-K filing | 53.8M shares outstanding

54M 20M
Jan 19, 2021

S-1 filing: Passage Bio, Inc. is offering 7,000,000 shares of its common stock in an S-1 filing, with an additional underwriter option to purchase up to 1,050,000 shares. The last reported sale price on January 15, 2021, was $28.24 per share.

46M 20M
Nov 10, 2020

10-Q filing | 45.5M shares outstanding

46M 12M
Aug 13, 2020

10-Q filing | 45.5M shares outstanding

45M 12M
May 11, 2020

10-Q filing | 45.4M shares outstanding

45M 12M
Feb 27, 2020

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock with an option to purchase additional shares.

32M 12M
Feb 18, 2020

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock. The company is offering 7,400,000 shares of common stock, and has granted the underwriters an option to purchase up to 1,110,000 additional shares. Shares outstanding as of January 31, 2020 include 478,578 shares subject to forfeiture or repurchase.

32M 8.5M
Feb 03, 2020

S-1 filing: This is an S-1 filing for an initial public offering of common stock. The filing includes information about the company's financials, risk factors, and the proposed use of proceeds.

140M 0
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