Processa Pharmaceuticals, Inc. (PCSA) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
PCSA currently has 2.62M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 584.66% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 07, 2026 |
10-Q filing | 2.6M shares outstanding |
2.6M | 0 |
| Mar 18, 2026 |
10-K filing | 2.7M shares outstanding |
2.7M | 0 |
| Dec 16, 2025 |
Stock Split
8-K filing: Stock split 1-for-25 | Outstanding: 56,644,223 → 2,265,768 |
2.3M | 0 |
| Nov 06, 2025 |
10-Q filing | 56.6M shares outstanding |
57M | 0 |
| Aug 07, 2025 |
8-K filing: Processa Pharmaceuticals, Inc. entered into securities purchase agreements for a private placement, selling 5,467,181 restricted shares of common stock at $0.23 per share, resulting in gross proceeds of approximately $1.3 million, which closed on August 6, 2025. ($1.3M proceeds) |
12M | 21M |
| Jul 25, 2025 |
8-K filing: Processa Pharmaceuticals, Inc. filed a prospectus supplement permitting the Company to sell $5,239,073 shares of its common stock, with $1,546,338 shares already sold and $3,692,735 available for sale. |
12M | 21M |
| Jun 18, 2025 |
8-K filing: Processa Pharmaceuticals, Inc. sold 14,310,000 shares of common stock, Pre-Funded Warrants to purchase up to 13,690,000 shares of common stock, and Common Warrants to purchase up to 28,000,000 shares of common stock in a registered public offering, closing on June 18, 2025, with gross proceeds of approximately $6.3 million. ($6.3M proceeds) |
12M | 21M |
| Jun 13, 2025 |
S-1 filing: Processa Pharmaceuticals, Inc. is offering shares of common stock and warrants to purchase common stock for working capital purposes. |
12M | 21M |
| May 08, 2025 |
10-Q filing | 11.9M shares outstanding |
12M | 380K |
| Mar 20, 2025 |
10-K filing | 5.3M shares outstanding |
5.3M | 7M |
| Jan 30, 2025 |
8-K filing: Processa Pharmaceuticals, Inc. closed a registered direct offering on January 29, 2025, selling 1,030,972 shares of common stock, Series A Warrants to purchase up to 8,050,672 shares, Series B Warrants to Purchase up to 4,025,336 Shares, and Pre-Funded Warrants to purchase up to 7,019,700 shares for gross proceeds of approximately $5.0 million. ($5.0M proceeds) |
3.7M | 8.6M |
| Jan 27, 2025 |
S-1/A filing: Processa Pharmaceuticals, Inc. is offering up to 11,764,706 shares of common stock at an assumed public offering price of $0.68 per share, along with warrants to purchase additional common stock, with the net proceeds to be used to continue the Phase 2 clinical trial of NGC-Cap and for working capital and other general corporate purposes. |
3.7M | 8.6M |
| Jan 16, 2025 |
S-1/A filing: This S-1/A filing details an offering of up to 9,400,705 shares of common stock, pre-funded warrants, and common warrants with the net proceeds to be used to continue the Phase 2 clinical trial of NGC-Cap and for working capital and other general corporate purposes. |
3.7M | 6.2M |
| Dec 20, 2024 |
S-1 filing: This S-1 filing is for a proposed offering of common stock and pre-funded warrants. |
3.7M | 0 |
| Oct 30, 2024 |
10-Q filing | 3.3M shares outstanding |
3.3M | 0 |
| Aug 13, 2024 |
10-Q filing | 3.0M shares outstanding |
3M | 0 |
| May 21, 2024 |
S-3 filing: The company may offer and sell from time to time up to $50,000,000 of any combination of common stock and preferred stock. |
2.9M | 0 |
| May 10, 2024 |
10-Q filing | 2.9M shares outstanding |
2.9M | 0 |
| Mar 29, 2024 |
10-K filing | 2.9M shares outstanding |
2.9M | 0 |
| Jan 30, 2024 |
8-K filing: Processa Pharmaceuticals, Inc. closed a registered public offering on January 30, 2024, selling 476,000 shares of common stock, warrants to purchase 1,555,555 shares of common stock, and pre-funded warrants to purchase up to 1,079,555 shares of common stock, with gross proceeds of approximately $7.0 million. ($7.0M proceeds) |
1.2M | 0 |
| Jan 22, 2024 |
S-1/A filing: The filing is an S-1/A for a proposed offering of common stock and pre-funded warrants. The company intends to use the net proceeds from the offering to begin a Phase 2 clinical trial of NGC-Cap and for working capital and other general corporate purposes. |
1.2M | 1M |
| Jan 22, 2024 |
Stock Split
8-K filing: Stock split 1-for-20 | Outstanding: 24,631,474 → 1,231,573 |
1.2M | 1M |
| Dec 29, 2023 |
S-1 filing: Processa Pharmaceuticals, Inc. is filing an S-1 form offering shares of common stock, pre-funded warrants, and common warrants. |
25M | 0 |
| Nov 13, 2023 |
10-Q filing | 27.0M shares outstanding |
27M | 0 |
| Aug 10, 2023 |
10-Q filing | 26.9M shares outstanding |
27M | 0 |
| May 15, 2023 |
10-Q filing | 22.8M shares outstanding |
23M | 0 |
| Mar 30, 2023 |
10-K filing | 24.6M shares outstanding |
25M | 0 |
| Feb 13, 2023 |
8-K filing: Processa Pharmaceuticals, Inc. closed a registered direct offering on February 14, 2023, selling 7,812,544 shares of common stock at $0.80 per share to accredited investors, resulting in gross proceeds of approximately $6.25 million and net proceeds of approximately $5.7 million after deducting fees and expenses. ($0.0M proceeds) |
16M | 0 |
| Nov 08, 2022 |
10-Q filing | 16.2M shares outstanding |
16M | 0 |
| Aug 11, 2022 |
10-Q filing | 15.9M shares outstanding |
16M | 0 |
| May 12, 2022 |
10-Q filing | 15.8M shares outstanding |
16M | 0 |
| Mar 30, 2022 |
10-K filing | 15.8M shares outstanding |
16M | 0 |
| Mar 24, 2022 |
8-K filing: Processa Pharmaceuticals, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, for the sale of up to $15.0 million of shares of the Company's common stock, and issued 123,609 shares to Lincoln Park as a commitment fee. |
16M | 0 |
| Nov 12, 2021 |
10-Q filing | 15.7M shares outstanding |
16M | 0 |
| Aug 12, 2021 |
10-Q filing | 15.6M shares outstanding |
16M | 0 |
| May 13, 2021 |
10-Q filing | 14.2M shares outstanding |
14M | 0 |
| Apr 02, 2021 |
S-3 filing: The filing is an S-3 registration statement for the resale of 1,321,132 shares of common stock by selling stockholders, which were previously issued pursuant to a Securities Purchase Agreement dated February 15, 2021. |
5.5M | 4.5M |
| Mar 25, 2021 |
10-K filing | 5.5M shares outstanding |
5.5M | 3.2M |
| Feb 18, 2021 |
8-K filing: Processa Pharmaceuticals, Inc. entered into a securities purchase agreement for a private placement, selling 1,321,132 shares of common stock at $7.75 per share for gross proceeds of $10,238,773. ($10.24M proceeds) |
5.5M | 3.2M |
| Nov 12, 2020 |
10-Q filing | 5.5M shares outstanding |
5.5M | 3.2M |
| Oct 06, 2020 |
8-K filing: Processa Pharmaceuticals, Inc. closed a public offering of 4,800,000 shares of common stock at $4.00 per share, resulting in net proceeds of approximately $17.0 million and a total of 13,603,925 shares outstanding after the offering. ($19.2M proceeds) |
14M | 0 |
| Sep 30, 2020 |
S-1/A filing: Processa Pharmaceuticals, Inc. is offering 3,200,000 shares of common stock at an assumed price of $5.00 per share to conduct clinical trials and for working capital and other general corporate purposes. |
5.5M | 3.2M |
| Sep 17, 2020 |
S-1/A filing: This S-1/A filing relates to a proposed offering of common stock with the intention to use the net proceeds from this offering over the next 18-24 months to conduct clinical trials and for working capital and other general corporate purposes. |
7.7M | 0 |
| Aug 27, 2020 |
8-K filing: Processa Pharmaceuticals, Inc. entered into a License Agreement with Elion Oncology, Inc. to acquire an exclusive license to develop, manufacture and commercialize PCS6422 globally, contingent on an equity offering of at least $15 million and a Nasdaq up-listing, which includes issuing Elion 500,000 shares of common stock and additional milestone payments potentially in shares. |
5.5M | 2.5M |
| Aug 05, 2020 |
10-Q filing | 5.5M shares outstanding |
5.5M | 2.5M |
| Jul 17, 2020 |
S-1/A filing: Processa Pharmaceuticals, Inc. is offering 2,500,000 shares of common stock at an assumed price of $8.00 per share, with the intention to use the net proceeds primarily to fund continued development of and future clinical trials of their lead product candidate PCS499, to fund continued research and development of PCS11T and PCS100, and for working capital and other general corporate activities. |
5.5M | 2.5M |
| May 15, 2020 |
10-Q filing | 5.5M shares outstanding |
5.5M | 0 |
| Mar 06, 2020 |
10-K filing | 5.5M shares outstanding |
5.5M | 0 |