Quoin Pharmaceuticals, Ltd. (QNRX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 26, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 4811.86% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
63M
Potential Supply
0
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

QNRX currently has 63.1M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 4811.86% 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

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 26, 2026

10-K filing | 63.1M shares outstanding

63M 0
Oct 15, 2025

8-K filing: Quoin Pharmaceuticals Ltd. completed a private placement offering, issuing ordinary shares and pre-funded warrants, along with Series H, I, J, and K warrants, for gross proceeds of approximately $16.6 million. ($33.33M proceeds)

21M 0
Aug 07, 2025

10-Q filing | 20.6M shares outstanding

21M 0
May 13, 2025

10-Q filing | 20.6M shares outstanding

21M 0
Apr 08, 2025
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 8,948,164 → 447,408

450K 2.4M
Mar 28, 2025

POS AM filing: Quoin Pharmaceuticals Ltd. is offering 8,988,346 Ordinary Shares represented by 8,988,346 ADSs issuable upon the exercise of Warrants. The company intends to use any net proceeds from the exercise of Warrants for cash for general corporate purposes.

8.9M 49M
Mar 13, 2025

10-K filing | 8.9M shares outstanding

8.9M 49M
Dec 26, 2024

8-K filing: Quoin Pharmaceuticals Ltd. completed a public offering of ordinary shares, warrants, and pre-funded warrants for gross proceeds of approximately $6.8 million. ($8.0M proceeds)

5M 53M
Dec 18, 2024

S-1/A filing: Quoin Pharmaceuticals Ltd. is offering ADSs, Pre-Funded Warrants to purchase ADSs and Warrants to purchase ADSs.

5M 53M
Dec 11, 2024

S-1 filing: Quoin Pharmaceuticals Ltd. is offering ADSs, Pre-Funded Warrants, Series F Warrants and Series G Warrants to purchase ADSs.

5M 72M
Dec 10, 2024

8-K filing: Quoin Pharmaceuticals Ltd. held its 2024 Annual General Meeting of Shareholders on December 5, 2024, approving amendments to the Company's Amended and Restated Articles of Association and non-employee directors' compensation program, including an increase to the annual base retainer and a change to the annual option grant, with the Compensation Committee and the Board granting each non-employee director an option to purchase 57,014 ADSs under Quoin's Plan, with an exercise price equal to $0.78 per ADS on December 9, 2029.

5M 0
Nov 08, 2024

10-Q filing | 5.0M shares outstanding

5M 0
Aug 08, 2024

10-Q filing | 4.0M shares outstanding

4M 0
May 09, 2024

10-Q filing | 3.8M shares outstanding

3.8M 0
Mar 29, 2024

POS AM filing: This POS AM filing relates to the registration of Ordinary Shares represented by ADSs issuable upon the exercise of Warrants, with the company intending to use any net proceeds from the exercise of warrants for general corporate purposes.

900K 0
Mar 14, 2024

10-K filing | 0.9M shares outstanding

900K 0
Mar 08, 2024

8-K filing: Quoin Pharmaceuticals Ltd. completed a public offering of approximately $6.5 million of securities, including ordinary shares represented by American Depositary Shares (ADSs), Series D warrants, Series E warrants, and pre-funded warrants. ($6.5M proceeds)

990K 0
Feb 13, 2024

S-1/A filing: This is an S-1/A filing that describes the terms and conditions of pre-funded warrants and warrants to purchase common stock.

990K 0
Nov 09, 2023

10-Q filing | 1.0M shares outstanding

990K 0
Nov 08, 2023
Stock Split

8-K filing: Stock split 1-for-60,000 | Outstanding: 987,217 → 100,000,000

100M 0
Nov 01, 2023

8-K filing: On October 26, 2023, Quoin's non-employee directors received an annual grant of an option to purchase 7,652 ADSs at an exercise price per ADS of $5.75, vesting over a four-year period.

990K 3.4B
Aug 03, 2023

10-Q filing | 1.0M shares outstanding

990K 3.4B
May 09, 2023

10-Q filing | 59233.0M shares outstanding

59B 0
Mar 15, 2023

10-K filing | 24233.0M shares outstanding

24B 0
Feb 28, 2023

8-K filing: Quoin Pharmaceuticals Ltd. closed a registered public offering on February 24, 2023, selling 4,950,000 ADSs at $1.00 per ADS and pre-funded warrants to purchase 2,050,000 ADSs at $0.9999 per pre-funded warrant, receiving gross proceeds of approximately $7 million before deducting fees and expenses, while also amending existing warrants with certain purchasers to reduce the exercise price to $1.10 and extend the term to February 24, 2028. ($7.0M proceeds)

3.4B 160K
Feb 09, 2023

S-1/A filing: This is an S-1/A filing that includes details on director and executive compensation, as well as the description of warrants being offered.

3.4B 160K
Feb 03, 2023

S-1 filing: This is an S-1 filing that describes the terms and conditions of Pre-Funded Warrants and Common Warrants being offered.

3.4B 160K
Aug 03, 2022

F-1 filing: This is an F-1 filing describing the terms and conditions of Pre-Funded Warrants and Common Warrants that are being offered.

3.4B 160K
Jun 30, 2022

RW filing: Quoin Pharmaceuticals Ltd. requests the withdrawal of its Registration Statement on Form F-3 filed on June 14, 2022, as the company has decided not to proceed with the proposed offering and sale of securities at this time.

3.4B 160K
Jun 14, 2022

F-3 filing: The filing is for a shelf registration to offer and sell up to $100,000,000 of ordinary shares represented by American Depositary Shares, subscription rights, debt securities, and units.

3.4B 160K
Apr 15, 2022

F-1 filing: This F-1 filing details the compensation structure for non-employee directors, including annual retainers, committee chairperson retainers, standing committee retainers, and equity awards. It also outlines the employment agreements for executive officers and itemizes the expenses related to the offering.

3.4B 160K
Apr 14, 2022

20-F filing | 3354.7M shares outstanding

3.4B 0
Mar 29, 2021

20-F filing | 390.9M shares outstanding

390M 0
Apr 03, 2020

20-F filing | 224.1M shares outstanding

220M 0
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