PORTAGE BIOTECH INC. (PRTG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: December 03, 2025

Risk Assessment Details

Potential Dilution: 120.7% of current shares
Recent Dilution: 296.42% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
6.3M
Potential Supply
7.7M
Additional shares possible
Splits
None
Past 2 years

Summary

PRTG currently has 6.35M outstanding shares. with significant dilution risk as 7.66M authorized shares could dilute existing holders by 120.7%. The company has significantly diluted shareholders by 296.42% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Dec 03, 2025

F-3 filing: This is an F-3 filing for a shelf offering of ordinary shares and debt securities, with a total proposed amount of $420,690,000.

6.3M 7.7M
Nov 06, 2025

F-3 filing: An F-3 filing indicating the offering of ordinary shares by a selling shareholder, with up to 189,719 shares offered and 6,349,197 ordinary shares outstanding as of October 20, 2025.

6.3M 7.7M
Oct 10, 2025

F-3 filing: This is an F-3 filing for an offering of Ordinary Shares by Selling Shareholders.

5.9M 7.5M
Jul 25, 2025

20-F filing | 2.3M shares outstanding

2.3M 0
May 05, 2025

F-3 filing: The filing is an F-3 form, indicating a shelf registration for potential future offerings of common stock. The company may offer and sell the securities from time to time at fixed prices, at prevailing market prices or at negotiated prices, pursuant to one or more of the methods described in the filing.

990K 0
Aug 23, 2024

POS AM filing: This POS AM filing relates to an offering of ordinary shares by selling shareholders, following the issuance upon exercise of warrants. The company will not receive any proceeds from the sale of shares but will receive proceeds from any warrants exercised for cash.

990K 0
Aug 14, 2024

20-F filing | 19.8M shares outstanding

20M 9.6M
Oct 31, 2023

F-1 filing: This F-1 filing pertains to an offering of up to 9,631,580 ordinary shares by selling shareholders, following issuance upon exercise of warrants. The company will not receive any proceeds from the sale of these shares, although they will receive proceeds from any warrants exercised for cash.

21M 9.6M
Jul 31, 2023

20-F filing | 17.8M shares outstanding

18M 0
Aug 01, 2022

20-F filing | 16.9M shares outstanding

17M 0
Jul 29, 2021

20-F filing | 13.3M shares outstanding

13M 0
Feb 24, 2021

F-3 filing: Portage Biotech Inc. is offering ordinary shares with an aggregate offering price of up to $50,000,000 through Cantor Fitzgerald & Co. as a sales agent in an "at the market offering."

12M 0
Aug 17, 2020

20-F filing | 11.8M shares outstanding

12M 0
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