Chicago Atlantic Real Estate Finance, Inc. (REFI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 12, 2026

Risk Assessment Details

Potential Dilution: 303.51% of current shares
Recent Dilution: 8.57% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
21M
Potential Supply
64M
Additional shares possible
Splits
None
Past 2 years

Summary

REFI currently has 21M outstanding shares. with significant dilution risk as 63.7M authorized shares could dilute existing holders by 303.5%. The company has minimally diluted shareholders by 8.57% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 12, 2026

10-K filing | 21.0M shares outstanding

21M 64M
Jan 16, 2026

S-3 filing: S-3 filing for Chicago Atlantic Real Estate Finance, Inc. to offer common stock, preferred stock, and debt securities.

21M 64M
Nov 04, 2025

10-Q filing | 21.1M shares outstanding

21M 28M
Aug 07, 2025

10-Q filing | 21.0M shares outstanding

21M 28M
May 07, 2025

10-Q filing | 20.9M shares outstanding

21M 28M
Mar 12, 2025

10-K filing | 19.7M shares outstanding

20M 29M
Nov 07, 2024

10-Q filing | 19.6M shares outstanding

20M 29M
Aug 07, 2024

10-Q filing | 19.4M shares outstanding

19M 30M
May 07, 2024

10-Q filing | 18.6M shares outstanding

19M 30M
Mar 12, 2024

10-K filing | 18.1M shares outstanding

18M 31M
Nov 08, 2023

10-Q filing | 18.2M shares outstanding

18M 31M
Aug 09, 2023

10-Q filing | 18.1M shares outstanding

18M 31M
May 09, 2023

10-Q filing | 18.0M shares outstanding

18M 31M
Mar 09, 2023

10-K filing | 17.7M shares outstanding

18M 31M
Jan 17, 2023

S-3/A filing: The filing relates to the registration of up to $500,000,000 of various securities, including common stock, preferred stock, debt securities, warrants, rights, and units.

18M 31M
Dec 21, 2022

S-3 filing: The company may offer to sell common stock, preferred stock and debt securities separately or together in any combination, in one or more classes or series, in amounts, at prices and on terms to be determined at the time of any such offering, up to an aggregate offering price of $500,000,000.

18M 31M
Nov 09, 2022

10-Q filing | 17.7M shares outstanding

18M 0
Aug 09, 2022

10-Q filing | 17.7M shares outstanding

18M 0
May 12, 2022

10-Q filing | 17.6M shares outstanding

18M 0
Apr 14, 2022

10-K filing | 17.8M shares outstanding

18M 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime