PepGen Inc. (PEPG) - 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: 49.44% of current shares
Recent Dilution: 115.41% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
69M
Potential Supply
34M
Additional shares possible
Splits
None
Past 2 years

Summary

PEPG currently has 69.1M outstanding shares. with moderate dilution risk from 34.2M authorized shares representing 49.4% potential dilution. The company has significantly diluted shareholders by 115.41% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 69.1M shares outstanding

69M 34M
May 08, 2025

10-Q filing | 32.7M shares outstanding

33M 34M
Feb 24, 2025

10-K filing | 31.6M shares outstanding

32M 34M
Nov 07, 2024

10-Q filing | 32.6M shares outstanding

33M 34M
Aug 08, 2024

10-Q filing | 32.5M shares outstanding

32M 34M
Jun 28, 2024

S-3 filing: The filing is an S-3 form for a shelf offering of Common Stock, Preferred Stock, and Debt Securities, with a total proposed amount of $250,000,000. The offering may be made from time to time at prices and on terms to be determined at the time of the offering.

32M 34M
May 14, 2024

10-Q filing | 32.4M shares outstanding

32M 19M
Mar 06, 2024

10-K filing | 32.4M shares outstanding

32M 19M
Nov 08, 2023

10-Q filing | 23.8M shares outstanding

24M 19M
Aug 08, 2023

10-Q filing | 23.8M shares outstanding

24M 19M
Jun 02, 2023

S-3 filing: The company may offer and sell up to $300,000,000 in aggregate principal amount of Common Stock, Preferred Stock, Debt Securities, Warrants or Units.

24M 19M
May 11, 2023

10-Q filing | 23.8M shares outstanding

24M 0
Mar 23, 2023

10-K filing | 23.8M shares outstanding

24M 0
Nov 10, 2022

10-Q filing | 23.6M shares outstanding

24M 0
Aug 12, 2022

10-Q filing | 23.6M shares outstanding

24M 0
Jun 16, 2022

10-Q filing | 23.6M shares outstanding

24M 0
May 10, 2022

POS AM filing: This is a Post-Effective Amendment No. 1 to the Registration Statement on Form S-1 filed by PepGen Inc., relating to the registration of the offering of up to 10,350,000 shares of the Company's Common Stock.

N/A 0
May 02, 2022

S-1/A filing: This is an S-1/A filing including information on market value of shares, stock options, Series A-2 and B Convertible Preferred Stock sales, and grants and exercises of stock options.

N/A 410K
Apr 15, 2022

S-1 filing: This is an S-1 filing for an initial public offering.

N/A 1.9M
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