PAINREFORM LTD. (PRFX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: June 22, 2026

Risk Assessment Details

Potential Dilution: 3925.11% of current shares
Recent Dilution: 351.02% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
3M
Potential Supply
120M
Additional shares possible
Splits
None
Past 2 years

Summary

PRFX currently has 3.04M outstanding shares. with significant dilution risk as 119M authorized shares could dilute existing holders by 3925.1%. The company has significantly diluted shareholders by 351.02% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jun 22, 2026

F-1 filing: The company is registering 7,500,000 ordinary shares for potential issuance under an equity line purchase agreement with YA.

3M 120M
May 13, 2026

F-1 filing: This filing represents an equity line offering where the company may sell up to 2,975,616 advance shares and includes a total of 3,000,000 ordinary shares for resale by the selling shareholder.

870K 110M
Mar 26, 2026

20-F filing | 0.8M shares outstanding

830K 110M
May 02, 2025

F-3 filing: This F-3 filing indicates an offering of up to 3,262,695 ordinary shares by a selling shareholder, consisting of shares and warrants. The company had 1,885,001 ordinary shares outstanding as of April 30, 2025, and anticipates having 4,968,927 shares outstanding after the offering, assuming full exercise of warrants.

1.9M 110M
Apr 07, 2025

20-F filing | 1.5M shares outstanding

1.5M 110M
Dec 06, 2024

F-3 filing: F-3 filing for offering of ordinary shares issuable upon the exercise of warrants by selling shareholders.

870K 110M
Sep 20, 2024

F-3 filing: PAINREFORM LTD. may offer, issue and sell from time to time up to US $50,000,000 of its ordinary shares, including in the form of warrants to purchase ordinary shares, including in the form of subscription rights and a combination of such securities, separately or as units, in one or more offerings.

2.2M 110M
Aug 27, 2024

POS AM filing: The filing is a POS AM filing for the offering of ordinary shares upon exercise of common warrants and placement agent warrants.

7M 35M
Mar 13, 2024

POS AM filing: This is a POS AM filing related to a registration statement for PainReform, Ltd., offering securities with an emphasis on risks outlined in the prospectus.

1.7M 40M
Feb 29, 2024

20-F filing | 1.7M shares outstanding

1.7M 40M
Jan 12, 2024

F-3 filing: This F-3 filing is a registration statement for a shelf offering of common stock by PainReform, Ltd.

11M 31M
Aug 25, 2023

F-1 filing: This is an F-1 filing for PainReform, Ltd. involving the offering of ordinary shares and warrants, with a focus on risk factors and cautionary statements regarding forward-looking information.

11M 31M
Mar 15, 2023

20-F filing | 10.7M shares outstanding

11M 31M
Mar 16, 2022

20-F filing | 10.5M shares outstanding

10M 31M
Sep 03, 2021

POS AM filing: This POS AM filing describes an offering of up to 4,589,019 ordinary shares of PainReform, Ltd., consisting of shares issued to selling stockholders and shares issuable upon the exercise of various warrants.

10M 31M
Sep 03, 2021

F-3 filing: Painreform LTD. may offer, issue and sell from time to time up to US $100,000,000 of our ordinary shares, including in the form of warrants to purchase ordinary shares, including in the form of subscription rights, debt securities and a combination of such securities, separately or as units, in one or more offerings.

10M 31M
Apr 01, 2021

F-1 filing: This F-1 filing registers for resale 2,008,692 ordinary shares consisting of (i) 1,304,346 ordinary shares issued to the selling stockholders pursuant to the March 2021 Private Placement (ii) 652,173 ordinary shares issuable upon the exercise of investor warrants issued in the March 2021 Private Placement, and (iii) 52,173 ordinary shares issuable upon the exercise of placement agent warrants issued in the March 2021 Private Placement.

10M 700K
Mar 22, 2021

POS AM filing: This is a POS AM filing related to the offering of warrants to purchase ordinary shares.

10M 0
Mar 18, 2021

20-F filing | 8.8M shares outstanding

8.8M 0
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