RAPT Therapeutics, Inc. (RAPT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 06, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 341.4% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
27M
Potential Supply
0
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

RAPT currently has 27M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 341.4% 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
Nov 06, 2025

10-Q filing | 27.0M shares outstanding

27M 0
Jun 16, 2025
Stock Split

8-K filing: Stock split 1-for-8 | Outstanding: 132,288,686 → 16,500,000

17M 9.7M
May 08, 2025

10-Q filing | 132.3M shares outstanding

130M 77M
Mar 06, 2025

10-K filing | 132.0M shares outstanding

130M 77M
Jan 21, 2025

S-3 filing: This prospectus relates to the offer and resale by the selling stockholders of up to an aggregate of 176,452,000 shares of our common stock, issued by us in a private placement on December 27, 2024.

35M 170M
Dec 23, 2024

8-K filing: RAPT Therapeutics, Inc. entered into a Securities Purchase Agreement to issue and sell 100,000,000 shares of common stock at $0.85 per share and pre-funded warrants to purchase up to 76,452,000 shares of common stock at $0.8499 per warrant, for gross proceeds of approximately $150 million. ($149.98M proceeds)

35M 0
Nov 12, 2024

10-Q filing | 35.0M shares outstanding

35M 0
Aug 08, 2024

10-Q filing | 34.9M shares outstanding

35M 0
May 09, 2024

10-Q filing | 34.9M shares outstanding

35M 0
Mar 07, 2024

10-K filing | 34.8M shares outstanding

35M 0
Nov 13, 2023

10-Q filing | 34.4M shares outstanding

34M 0
Aug 11, 2023

10-Q filing | 34.4M shares outstanding

34M 0
Aug 11, 2023

S-3 filing: The company may offer and sell up to $450,000,000 of any combination of common stock, preferred stock, or debt securities from time to time. Also offering common stock having an aggregate offering price of up to $150,000,000 through sales agents Cantor and Leerink Partners.

34M 0
May 11, 2023

10-Q filing | 34.3M shares outstanding

34M 0
Mar 14, 2023

10-K filing | 32.5M shares outstanding

33M 240K
Nov 10, 2022

10-Q filing | 29.9M shares outstanding

30M 2.9M
Aug 11, 2022

10-Q filing | 31.1M shares outstanding

31M 1.6M
Jun 24, 2022

S-3 filing: This S-3 filing registers the resale of up to 4,000,000 shares of common stock issuable upon the exercise of pre-funded warrants by the selling stockholder.

30M 3.1M
May 11, 2022

10-Q filing | 29.6M shares outstanding

30M 0
Mar 10, 2022

10-K filing | 29.6M shares outstanding

30M 0
Nov 10, 2021

10-Q filing | 29.5M shares outstanding

30M 0
Aug 11, 2021

10-Q filing | 29.5M shares outstanding

29M 0
May 11, 2021

10-Q filing | 25.0M shares outstanding

25M 3.8M
Mar 11, 2021

10-K filing | 24.9M shares outstanding

25M 3.9M
Nov 16, 2020

10-Q filing | 24.6M shares outstanding

25M 4.2M
Nov 04, 2020

S-3 filing: The filing is for a shelf registration statement covering common stock, preferred stock, and debt securities. Also covers offering of common stock by selling stockholders and ATM offering by the company.

24M 4.3M
Aug 13, 2020

10-Q filing | 24.5M shares outstanding

24M 0
May 14, 2020

10-Q filing | 24.4M shares outstanding

24M 0
Mar 30, 2020

10-K filing | 24.3M shares outstanding

24M 0
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