RING ENERGY, INC. (REI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
REI currently has 209M outstanding shares. with significant dilution risk as 464M authorized shares could dilute existing holders by 222.3%. The company has minimally diluted shareholders by 5.25% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 14, 2026 |
8-K filing: Ring Energy, Inc. entered into an underwriting agreement for the offering of 44,444,445 shares of common stock with an option for underwriters to purchase an additional 6,666,666 shares. |
210M | 460M |
| May 06, 2026 |
10-Q filing | 208.6M shares outstanding |
210M | 460M |
| Nov 06, 2025 |
10-Q filing | 206.7M shares outstanding |
210M | 470M |
| Aug 06, 2025 |
10-Q filing | 206.5M shares outstanding |
210M | 470M |
| May 07, 2025 |
10-Q filing | 201.1M shares outstanding |
200M | 470M |
| Apr 18, 2025 |
S-3 filing: This S-3 filing includes an offering of up to 6,452,879 shares of common stock by selling stockholders. |
200M | 470M |
| Mar 05, 2025 |
10-K filing | 200.3M shares outstanding |
200M | 470M |
| Feb 28, 2025 |
8-K filing: Ring Energy, Inc. will acquire interests in oil and gas leases from Lime Rock Resources for $90 million in cash and 7,388,799 shares of common stock. |
200M | 470M |
| Dec 20, 2024 |
S-3 filing: Ring Energy, Inc. may offer and sell up to an aggregate of $150,000,000 of its common stock, preferred stock, debt securities, depositary shares, warrants, units and rights from time to time, separately or together, in amounts, at prices and on terms to be determined at or prior to the time of such offering. |
200M | 470M |
| Nov 06, 2024 |
10-Q filing | 198.2M shares outstanding |
200M | 350M |
| Aug 06, 2024 |
10-Q filing | 198.0M shares outstanding |
200M | 350M |
| May 06, 2024 |
10-Q filing | 197.4M shares outstanding |
200M | 350M |
| Mar 07, 2024 |
10-K filing | 195.4M shares outstanding |
200M | 360M |
| Nov 02, 2023 |
10-Q filing | 195.4M shares outstanding |
200M | 360M |
| Aug 03, 2023 |
10-Q filing | 195.9M shares outstanding |
200M | 360M |
| May 03, 2023 |
10-Q filing | 190.1M shares outstanding |
190M | 360M |
| Apr 12, 2023 |
8-K filing: Ring Energy, Inc. amended warrant agreements with certain holders to reduce the exercise price from $0.80 to $0.62 per share, resulting in the exercise of 14,512,166 warrants and $8,997,543 in gross proceeds to the company. ($9.0M proceeds) |
180M | 370M |
| Mar 09, 2023 |
10-K filing | 180.6M shares outstanding |
180M | 370M |
| Nov 10, 2022 |
10-Q filing | 131.6M shares outstanding |
130M | 420M |
| Oct 31, 2022 |
8-K filing: Ring Energy, Inc. eliminated the authorization of its Series A Convertible Preferred Stock after all 153,176 shares were fully converted, returning them to authorized, unissued, and undesignated preferred stock. |
130M | 420M |
| Sep 26, 2022 |
S-3 filing: The selling stockholders may offer and sell up to 63,888,889 shares of common stock from time to time in one or more offerings. |
110M | 450M |
| Aug 04, 2022 |
10-Q filing | 106.4M shares outstanding |
110M | 380M |
| Jul 08, 2022 |
8-K filing: Ring Energy, Inc. entered into a purchase and sale agreement to acquire interests in oil and gas leases from Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP for approximately $465 million, with a portion of the consideration in the form of either 63,888,889 shares of Ring Common Stock (if stockholder approval is obtained) or 21,339,986 shares of Ring Common Stock and 153,176 shares of newly created Series A Convertible Preferred Stock (if stockholder approval is not obtained). |
110M | 380M |
| May 10, 2022 |
10-Q filing | 100.2M shares outstanding |
100M | 390M |
| Mar 16, 2022 |
10-K filing | 99.4M shares outstanding |
99M | 390M |
| Nov 09, 2021 |
10-Q filing | 85.6M shares outstanding |
86M | 400M |
| Aug 09, 2021 |
10-Q filing | 99.3M shares outstanding |
99M | 390M |
| May 10, 2021 |
10-Q filing | 85.6M shares outstanding |
86M | 400M |
| Mar 16, 2021 |
10-K filing | 85.6M shares outstanding |
86M | 400M |
| Nov 09, 2020 |
10-Q filing | 68.0M shares outstanding |
68M | 420M |
| Oct 29, 2020 |
8-K filing: Ring Energy, Inc. cancelled a Securities Purchase Agreement with institutional investors to offer, issue and sell 12,000,000 shares of common stock, pre-funded warrants for 9,052,630 shares, and common warrants for 21,052,630 shares for $18 million. |
68M | 420M |
| Aug 10, 2020 |
10-Q filing | 68.0M shares outstanding |
68M | 420M |
| May 15, 2020 |
S-3/A filing: The filing is an S-3/A registration statement to register debt securities, Common Stock, preferred stock, warrants and units for potential sale from time to time with an aggregate value of $313,843,695. |
57M | 430M |
| May 11, 2020 |
10-Q filing | 68.0M shares outstanding |
68M | 420M |
| May 04, 2020 |
S-3 filing: The filing is an S-3 form to register the offer and sale of up to $313,843,695 of debt securities, Common Stock, preferred stock, warrants and units from time to time at prices and on terms to be determined at or prior to the time of the offering. |
64M | 420M |
| Mar 16, 2020 |
10-K filing | 64.0M shares outstanding |
64M | 0 |