Piedmont Lithium Inc. (PLL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: August 13, 2025

Risk Assessment Details

Potential Dilution: 4618.03% of current shares
Recent Dilution: 13.29% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
22M
Potential Supply
1B
Additional shares possible
Splits
None
Past 2 years

Summary

PLL currently has 21.9M outstanding shares. with significant dilution risk as 1.01B authorized shares could dilute existing holders by 4618.0%. The company has diluted shareholders by 13.29% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Aug 13, 2025

8-K filing: Piedmont Lithium Inc. announced the adjournment of its special meeting of stockholders to approve the proposed merger with Sayona Mining Ltd to August 22, 2025, and Sayona and Resource Capital Fund VIII L.P. agreed to extend the end date of the RCF Subscription Agreement to December 31, 2025; RCF also agreed to subscribe for options for the issuance of up to 1.2 billion shares of Sayona, to be issued in two tranches. ($38.0M proceeds)

22M 1B
Aug 07, 2025

10-Q filing | 21.9M shares outstanding

22M 1B
May 07, 2025

10-Q filing | 21.9M shares outstanding

22M 1B
Feb 26, 2025

10-K filing | 21.9M shares outstanding

22M 1B
Nov 27, 2024

8-K filing: Piedmont Lithium Inc. completed the sale of 238,095,300 CDIs at a price of approximately AU$0.168 per CDI, for aggregate gross proceeds of approximately US$27 million. ($27.0M proceeds)

19M 1B
Nov 20, 2024

8-K filing: Piedmont Lithium Inc. entered into a placement agreement with Canaccord Genuity (Australia) Limited to issue 238,095,300 CHESS Depositary Interests (CDIs) at approximately AU$0.168 per CDI, aiming to raise approximately US$27 million (A$40 million) before costs; the placement is expected to close on or about November 27, 2024. ($27.0M proceeds)

19M 1B
Nov 12, 2024

10-Q filing | 19.4M shares outstanding

19M 1B
Sep 13, 2024

S-3 filing: Piedmont Lithium Inc. is offering up to 52,198 shares of common stock by selling stockholders, which were previously issued in a private placement. The selling stockholders may sell these shares through public or private transactions at market prices.

19M 1B
Aug 09, 2024

10-Q filing | 19.4M shares outstanding

19M 1B
May 14, 2024

POS AM filing: This prospectus relates to the resale of up to 115,339 shares of common stock by the selling stockholders named in this prospectus, which were issued by us in a private placement of our common stock.

19M 1B
May 09, 2024

10-Q filing | 19.3M shares outstanding

19M 1B
Feb 29, 2024

10-K filing | 19.0M shares outstanding

19M 1B
Feb 29, 2024

POS AM filing: This prospectus relates to the resale of up to 115,339 shares of common stock by the selling stockholders which were issued by us in a private placement of our common stock.

19M 1B
Nov 09, 2023

10-Q filing | 19.2M shares outstanding

19M 1B
Aug 08, 2023

10-Q filing | 19.2M shares outstanding

19M 1B
May 05, 2023

10-Q filing | 18.5M shares outstanding

19M 1B
Mar 01, 2023

10-K filing | 17.5M shares outstanding

18M 1B
Feb 16, 2023

8-K filing: Piedmont Lithium Inc. entered into a Subscription Agreement with LG Chem, Ltd. to sell 1,096,535 common shares at $68.40 per share, representing approximately 5.7% of the Company's outstanding common shares, with the transaction expected to close on or about February 24, 2023. ($74.99M proceeds)

18M 1B
Nov 04, 2022

10-Q filing | 18.0M shares outstanding

18M 1B
Aug 04, 2022

10-Q filing | 17.9M shares outstanding

18M 1B
May 06, 2022

10-Q filing | 17.9M shares outstanding

18M 1B
Mar 24, 2022

8-K filing: Piedmont Lithium Inc closed an offering of 2,012,500 shares of its common stock at an aggregate purchase price of $130,812,500 on May 24, 2022. ($130.81M proceeds)

16M 1B
Nov 12, 2021

10-Q filing | 15.9M shares outstanding

16M 1B
Sep 24, 2021

10-K filing | 15.8M shares outstanding

16M 1B
Jul 07, 2021

8-K filing: Piedmont Lithium Inc. entered into a share subscription agreement with IronRidge Resources Ltd, where Piedmont Lithium Ghana Holdings Inc., a wholly owned subsidiary of Piedmont Lithium Inc, will subscribe for 54 million ordinary shares of IRR in exchange for £10.8 million (approximately US$15 million). ($15.0M proceeds)

1B 0
May 25, 2021

POS AM filing: This is a post-effective amendment to deregister any and all securities that remain unsold or otherwise unissued under the Registration Statements.

1B 0
May 25, 2021

POS AM filing: This is a post-effective amendment to deregister any and all securities that remain unsold or otherwise unissued under the Registration Statements.

1B 0
May 21, 2021

8-K filing: Piedmont Lithium Limited completed a redomiciliation with Piedmont Lithium Inc., resulting in the issuance of 15,749,533 common shares and the replacement of outstanding equity awards with new awards reflecting a ratio of one common share for each 100 ordinary shares.

1B 0
Oct 13, 2020

20-F filing | 1035.3M shares outstanding

1B 0
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