P3 Health Partners Inc. (PIII) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
PIII currently has 3.27M outstanding shares. with significant dilution risk as 3.26M authorized shares could dilute existing holders by 99.8%. The company has significantly diluted shareholders by 300.05% 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 |
|---|---|---|---|
| Mar 26, 2026 |
10-K filing | 3.3M shares outstanding |
3.3M | 3.3M |
| Aug 14, 2025 |
10-Q filing | 3.3M shares outstanding |
3.3M | 3.3M |
| Jun 03, 2025 |
8-K filing: P3 Health Group, LLC, a subsidiary of P3 Health Partners Inc., entered into a financing transaction with VBC Growth SPV 5, LLC, consisting of an unsecured promissory note for up to $70.0 million and warrants to purchase 1,430,281 shares of Class A Common Stock at an exercise price of $7.39 per share. |
3.3M | 3.3M |
| May 15, 2025 |
10-Q filing | 3.3M shares outstanding |
3.3M | 3.3M |
| Apr 11, 2025 |
Stock Split
8-K filing: Stock split 1-for-50 | Outstanding: 146,998,000 → 2,939,960 |
2.9M | 65K |
| Mar 28, 2025 |
10-K filing | 147.0M shares outstanding |
150M | 160M |
| Feb 18, 2025 |
8-K filing: P3 Health Group, LLC, a subsidiary of P3 Health Partners Inc., entered into a financing transaction with VBC Growth SPV 4, LLC, consisting of an unsecured promissory note and warrants to purchase 71,406,480 shares of Class A Common Stock at an exercise price of $0.2068 per share, pending stockholder approval. |
160M | 160M |
| Dec 17, 2024 |
8-K filing: P3 Health Group, LLC, a subsidiary of P3 Health Partners Inc., entered into a financing transaction with VBC Growth SPV 3, LLC, consisting of an unsecured promissory note and warrants to purchase 71,406,480 shares of Class A Common Stock at an exercise price of $0.2137 per share. |
160M | 160M |
| Nov 12, 2024 |
10-Q filing | 161.9M shares outstanding |
160M | 160M |
| Aug 07, 2024 |
10-Q filing | 161.8M shares outstanding |
160M | 160M |
| Jun 18, 2024 |
S-3 filing: This is an S-3 filing for the resale of up to 134,768,734 shares of Class A Common Stock by selling stockholders, including shares presently issued and outstanding, shares issuable upon exercise of common warrants, and shares issuable upon exercise of pre-funded warrants. |
42M | 160M |
| May 24, 2024 |
8-K filing: P3 Health Partners Inc. issued approximately 67.4 million units at a price of approximately $0.6270 per unit, with each unit consisting of one share of Class A Common Stock and a warrant to purchase one share of Common Stock at an exercise price of $0.5020, for aggregate gross proceeds of approximately $42.2 million. ($84.4M proceeds) |
120M | 28M |
| May 23, 2024 |
8-K filing: P3 Health Partners Inc. entered into a Securities Purchase Agreement to issue approximately 67.4 million units at $0.6270 per unit, with each unit consisting of one share of Class A Common Stock and a warrant to purchase one share of Common Stock at an exercise price of $0.5020, resulting in aggregate gross proceeds of approximately $42.2 million. ($42.2M proceeds) |
120M | 28M |
| May 08, 2024 |
10-Q filing | 118.9M shares outstanding |
120M | 28M |
| Mar 28, 2024 |
10-K filing | 119.3M shares outstanding |
120M | 28M |
| Nov 09, 2023 |
S-3 filing: P3 Health Partners Inc. is offering up to $250,000,000 in the aggregate of Class A Common Stock, Preferred Stock, and Debt Securities from time to time in one or more offerings. A portion of the offering includes shares of Class A common stock having an aggregate offering price of up to $75,000,000 via an "at the market offering" through agent Jefferies to fund continued growth and for general corporate purposes. |
110M | 28M |
| Nov 09, 2023 |
POS AM filing: This is a POS AM filing for the resale of up to 136,685,830 shares of Class A Common Stock by selling stockholders. |
66M | 28M |
| Nov 09, 2023 |
POS AM filing: This is a POS AM filing for the resale of Class A Common Stock and Warrants, as well as the issuance of Class A Common Stock upon warrant exercise. |
110M | 28M |
| Nov 08, 2023 |
10-Q filing | 114.2M shares outstanding |
110M | 170M |
| Aug 07, 2023 |
10-Q filing | 107.5M shares outstanding |
110M | 170M |
| May 17, 2023 |
POS AM filing: This prospectus relates to the resale of shares of Class A Common Stock and warrants by selling securityholders, as well as the issuance of shares upon exercise of warrants. |
110M | 170M |
| May 17, 2023 |
S-1/A filing: This prospectus relates to the proposed resale or other disposition by the Selling Stockholders of up to an aggregate of 139,847,114 shares of Class A Common Stock. |
69M | 170M |
| May 10, 2023 |
10-Q filing | 110.7M shares outstanding |
110M | 170M |
| May 02, 2023 |
S-1 filing: This S-1 filing relates to the proposed resale of up to 139,847,114 shares of Class A Common Stock by Selling Stockholders. |
69M | 170M |
| May 02, 2023 |
POS AM filing: This prospectus relates to the resale of shares of Class A Common Stock and warrants by selling securityholders and the issuance of shares of Class A Common Stock upon exercise of warrants. |
42M | 170M |
| Apr 07, 2023 |
8-K filing: P3 Health Partners Inc. issued 69,157,145 shares of Class A Common Stock, warrants to purchase 59,934,479 shares of Common Stock, and pre-funded warrants to purchase 10,755,490 shares of Common Stock in a private placement for aggregate gross proceeds of approximately $89.5 million. ($89.5M proceeds) |
42M | 28M |
| Mar 31, 2023 |
8-K filing: P3 Health Partners Inc. entered into a Securities Purchase Agreement to issue approximately 69.2 million shares of Class A Common Stock, warrants to purchase approximately 59.9 million shares, and pre-funded warrants to purchase approximately 10.8 million shares for aggregate gross proceeds of approximately $89.5 million. ($0.0M proceeds) |
42M | 28M |
| Mar 31, 2023 |
10-K filing | 41.6M shares outstanding |
42M | 28M |
| Dec 13, 2022 |
8-K filing: P3 Health Partners, LLC, a subsidiary of P3 Health Partners Inc., entered into a financing transaction with VBC Growth SPV LLC, consisting of an unsecured promissory note and warrants to purchase shares of Class A Common Stock. |
42M | 28M |
| Nov 14, 2022 |
10-Q filing | 41.6M shares outstanding |
42M | 28M |
| Nov 07, 2022 |
POS AM filing: This prospectus relates to the resale of shares of Class A Common Stock and warrants by selling securityholders and the issuance of shares of Class A Common Stock upon exercise of warrants. |
42M | 28M |
| Oct 21, 2022 |
10-K filing | 41.6M shares outstanding |
42M | 280M |
| Oct 21, 2022 |
10-Q filing | 41.6M shares outstanding |
42M | 280M |
| Oct 21, 2022 |
10-Q filing | 41.6M shares outstanding |
42M | 280M |
| Dec 28, 2021 |
S-1 filing: This S-1 filing relates to the resale of shares of Class A common stock and warrants by selling securityholders, as well as the issuance of shares upon exercise of warrants. |
40M | 280M |
| Nov 18, 2021 |
10-Q filing | 40.4M shares outstanding |
40M | 28M |
| Aug 20, 2021 |
10-Q filing | 32.5M shares outstanding |
32M | 28M |
| May 25, 2021 |
10-Q filing | 1.8M shares outstanding |
1.8M | 28M |
| Feb 05, 2021 |
S-1/A filing: Initial public offering of 27,500,000 units at $10.00 per unit, each unit consisting of one share of Class A common stock and one-third of one redeemable warrant. |
7.9M | 28M |
| Feb 02, 2021 |
S-1/A filing: Foresight Acquisition Corp. is offering 27,500,000 units at $10.00 per unit, each consisting of one share of Class A common stock and one-third of one redeemable warrant, in an initial public offering. |
7.9M | 28M |
| Jan 08, 2021 |
S-1 filing: Foresight Acquisition Corp. is offering 27,500,000 units at $10.00 per unit in an initial public offering. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant. The underwriters have a 45-day option to purchase up to an additional 4,125,000 units. |
7.9M | 32M |