ReShape Lifesciences Inc. (RSLS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 21.46% of current shares
Recent Dilution: 2606.67% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
6.7M
Potential Supply
1.4M
Additional shares possible
Splits
2 Splits 3 Reverse
Past 2 years

Summary

RSLS currently has 6.69M outstanding shares. with moderate dilution risk from 1.44M authorized shares representing 21.5% potential dilution. The company has significantly diluted shareholders by 2606.67% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 3 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 6.7M shares outstanding

6.7M 1.4M
Mar 18, 2026

10-K filing | 7.0M shares outstanding

7M 1.4M
Nov 14, 2025

10-Q filing | 5.6M shares outstanding

5.6M 1.4M
Aug 19, 2025
Stock Split

8-K filing: The company completed a 1-for-4 reverse stock split on August 15, 2025, and closed on the sale of 529,137 shares of common stock at $11.02 per share. ($5.83M proceeds)

670K 1.4M
Aug 14, 2025

10-Q filing | 2.7M shares outstanding

2.7M 5.7M
Jun 18, 2025

8-K filing: ReShape Lifesciences Inc. sold 593,000 shares of common stock for gross proceeds of $3,642,564 between June 3, 2025 and June 6, 2025 and completed an offering of 1,054,604 shares of common stock for gross proceeds of $2,636,510 on June 9, 2025. ($6.28M proceeds)

740K 5.7M
Jun 12, 2025

8-K filing: ReShape Lifesciences Inc. completed an offering of 1,054,604 shares of common stock at a price of $2.50 per share, resulting in gross proceeds of approximately $2.6 million. ($2.6M proceeds)

740K 5.7M
Jun 09, 2025

8-K filing: ReShape Lifesciences Inc. announced the pricing of its public offering of 1,054,604 shares of common stock at a public offering price of $2.50 per share, with gross proceeds expected to be $2,636,510 before deducting fees and expenses. ($2.64M proceeds)

740K 5.7M
May 20, 2025

10-Q filing | 0.7M shares outstanding

740K 5.7M
May 09, 2025
Stock Split

8-K filing: Stock split 1-for-25 | Outstanding: 11,276,248 → 451,049

450K 5.7M
Apr 04, 2025

10-K filing | 11.3M shares outstanding

11M 2.2M
Feb 20, 2025

8-K filing: ReShape Lifesciences Inc. entered into a Securities Purchase Agreement to issue and sell 2,575,107 shares of common stock and warrants to purchase up to 2,575,107 shares of common stock at $5.83 per share to certain investors, closing on February 18, 2025, with gross proceeds of approximately $6.0 million. ($6.0M proceeds)

730K 2.2M
Feb 14, 2025

S-1/A filing: ReShape Lifesciences Inc. is offering up to 1,779,360 units, each unit consisting of one share of common stock and one warrant to purchase one share of common stock, and is also offering pre-funded warrants in lieu of shares of common stock to certain purchasers.

730K 2.2M
Feb 14, 2025

S-1/A filing: ReShape Lifesciences Inc. is offering up to 1,779,360 units, each consisting of one share of common stock and one warrant, at an assumed price of $2.81 per unit, along with pre-funded warrants as an alternative for certain purchasers.

730K 2.2M
Feb 13, 2025

S-1/A filing: ReShape Lifesciences Inc. is offering up to 1,779,360 units, each Unit consisting of one share of common stock and one warrant to purchase one share of common stock, at an assumed public offering price of $2.81 per Unit, based upon the closing price of our Common Stock on The Nasdaq Capital Market on February 10, 2025.

730K 2.2M
Feb 07, 2025

S-1/A filing: This S-1/A filing relates to the resale of common stock by the selling stockholder, Ascent Partners Fund LLC, including shares that may be issued under an Equity Purchase Agreement and upon conversion of a senior secured convertible note, with the company potentially receiving up to $5,000,000 in gross proceeds from sales under the Equity Purchase Agreement.

710K 1.7M
Feb 06, 2025

S-1/A filing: ReShape Lifesciences Inc. is offering up to 1,326,260 units, each unit consisting of one share of common stock and one warrant to purchase one share of common stock, at an assumed public offering price of $3.77 per unit.

730K 2.5M
Jan 21, 2025

S-1 filing: ReShape Lifesciences Inc. is offering shares of its common stock on a best efforts basis, with the intent to use the net proceeds for general corporate purposes, including expenses related to the proposed merger with Vyome Therapeutics, Inc. and sale of assets to Ninjour Health International Limited.

730K 1.1M
Jan 15, 2025

S-1/A filing: Resale of up to 2,112,072 shares of common stock by the selling stockholder, Ascent Partners Fund LLC.

710K 1.1M
Dec 27, 2024

8-K filing: ReShape Lifesciences Inc. entered into an equity purchase agreement with an investor to sell up to $5,000,000 of shares of common stock over a 36-month term, and issued 17,300 shares of common stock and a pre-funded warrant to purchase 21,015 shares as a commitment fee.

710K 18K
Dec 20, 2024

S-1 filing: This prospectus relates to the resale of up to 2,112,072 shares of common stock by the selling stockholder, Ascent Partners Fund LLC, including shares issued under an Equity Purchase Agreement, commitment fees, shares issuable upon exercise of a pre-funded warrant, and shares upon conversion of a senior secured convertible note.

710K 18K
Nov 14, 2024

10-Q filing | 0.7M shares outstanding

710K 18K
Oct 17, 2024

8-K filing: ReShape Lifesciences Inc. entered into a securities purchase agreement with an institutional investor to issue a senior secured convertible note and 7,983 shares of common stock as commitment shares.

510K 18K
Sep 23, 2024
Stock Split

8-K filing: Stock split 1-for-58 | Outstanding: 29,387,120 → 506,633

510K 18K
Aug 14, 2024

10-Q filing | 29.4M shares outstanding

29M 1M
Jun 21, 2024

RW filing: ReShape Lifesciences Inc. is requesting the withdrawal of their Registration Statement on Form S-3 (File No. 333-279231) because they did not satisfy the registrant requirements under general instruction I.A.3(b) of Form S-3 due to a late Current Report on Form 8-K.

23M 1M
May 15, 2024

10-Q filing | 23.5M shares outstanding

23M 13M
May 09, 2024

S-3 filing: This prospectus relates to the resale, from time to time, of up to an aggregate of 11,698,161 shares of common stock of ReShape Lifesciences Inc. by the selling stockholder.

23M 13M
Apr 01, 2024

10-K filing | 23.5M shares outstanding

23M 1M
Nov 29, 2023

8-K filing: ReShape Lifesciences Inc. completed a warrant exercise agreement with an existing accredited investor, resulting in the exercise of warrants to purchase 5,385,500 shares of common stock for gross proceeds of $1.2 million. ($1.2M proceeds)

3.5M 1M
Nov 09, 2023

10-Q filing | 3.5M shares outstanding

3.5M 1M
Oct 05, 2023

8-K filing: ReShape Lifesciences Inc. entered into a Securities Purchase Agreement to issue and sell 1,770,000 shares of common stock, warrants to purchase up to 13,650,000 shares of common stock, and pre-funded warrants to purchase 7,330,000 shares of common stock to certain investors for net proceeds of approximately $2.8 million. ($2.8M proceeds)

3.2M 1M
Sep 27, 2023

S-1/A filing: The filing describes an offering of units, each consisting of one share of common stock and warrants. It also describes Placement Agent Warrants to be issued to Maxim Group LLC.

3.2M 9.5M
Sep 12, 2023

S-1/A filing: This S-1/A filing relates to a public offering by ReShape Lifesciences Inc. of up to 8,510,638 units, each consisting of either one share of common stock or one pre-funded warrant, and common warrants, with Maxim Group, LLC acting as placement agent.

3.2M 9.5M
Aug 25, 2023

S-1 filing: The filing describes the terms and conditions of common stock, warrants, and pre-funded warrants being offered.

3.2M 1M
Aug 07, 2023

10-Q filing | 3.2M shares outstanding

3.2M 1M
May 15, 2023

10-Q filing | 2.6M shares outstanding

2.6M 1M
Apr 17, 2023

10-K filing | 0.4M shares outstanding

360K 1M
Feb 10, 2023

8-K filing: ReShape Lifesciences Inc. entered into an underwriting agreement for a firm commitment public offering of 1,275,000 units at $8.00 per unit, each unit consisting of one share of common stock and one warrant to purchase one and one-half shares of common stock. ($10.2M proceeds)

390K 1M
Feb 03, 2023

S-1/A filing: This S-1/A filing registers the offering of units consisting of common stock and warrants, along with pre-funded warrants, and also registers the shares of common stock issuable upon exercise of these warrants. Additionally, it includes the registration of the underwriter's warrant as part of the underwriting compensation.

390K 1M
Feb 02, 2023

S-1/A filing: ReShape Lifesciences Inc. files an S-1/A registration statement relating to the public offering of up to 1,274,444 units, each consisting of common stock or pre-funded warrants and common warrants, with Maxim Group, LLC as underwriter.

390K 1M
Feb 02, 2023

RW filing: An underwriter withdrew their prior letter to join the acceleration request for a proposed offering of ReShape Lifesciences Inc.

390K 1M
Jan 27, 2023

S-1/A filing: The company is offering units, each consisting of one share of common stock and one common warrant, as well as pre-funded warrants in lieu of common stock under certain circumstances, and is registering the shares of common stock issuable upon exercise of the warrants. Additionally, an underwriter's warrant to purchase common stock will be issued upon closing.

390K 2.2M
Jan 12, 2023

S-1 filing: The company is offering units consisting of one share of common stock and one common warrant, or pre-funded warrants in lieu of common stock, for gross proceeds of approximately $8.5 million.

390K 2.2M
Dec 23, 2022
Stock Split

8-K filing: Stock split 1-for-50 | Outstanding: 19,310,968 → 386,219

390K 1M
Nov 14, 2022

10-Q filing | 22.6M shares outstanding

23M 52M
Nov 14, 2022

8-K filing: ReShape Lifesciences Inc. entered into a Securities Purchase Agreement with an institutional investor for a registered direct offering of common stock, preferred stock, and pre-funded warrants, along with a concurrent private placement of common warrants and the company plans to call an annual meeting of stockholders to consider a proposal to effect a reverse stock split. ($0.75M proceeds)

19M 52M
Aug 19, 2022

10-Q filing | 19.3M shares outstanding

19M 52M
Jun 23, 2022

8-K filing: ReShape Lifesciences Inc. entered into a warrant exercise agreement with an existing accredited investor to exercise warrants to purchase up to 3.7 million shares of common stock for gross proceeds of approximately $2.5 million. ($2.5M proceeds)

19M 52M
May 23, 2022

10-Q filing | 18.5M shares outstanding

19M 52M
Apr 08, 2022

10-K filing | 17.8M shares outstanding

18M 52M
Nov 12, 2021

10-Q filing | 17.7M shares outstanding

18M 52M
Sep 03, 2021

S-3 filing: This prospectus relates to the resale of up to 6,347,039 shares of common stock by selling stockholders who acquired these shares pursuant to a warrant exercise agreement and an exchange agreement.

8.2M 52M
Sep 03, 2021

S-3 filing: Reshape Lifesciences Inc. files an S-3 registration statement for the potential offering of various securities, including common stock, preferred stock, depositary shares, warrants, and units, with an aggregate offering price not to exceed $150,000,000.

8.2M 52M
Aug 16, 2021

10-Q filing | 8.2M shares outstanding

8.2M 660K
Jul 19, 2021

8-K filing: ReShape Lifesciences Inc. entered into an exchange agreement with existing institutional investors to exchange outstanding warrants for 504,861 shares of common stock and new warrants to purchase up to 400,000 shares of common stock at an exercise price of $4.038. Following the issuance, the Company has 15,842,185 shares of common stock outstanding.

16M 660K
Jul 02, 2021

8-K filing: ReShape Lifesciences Inc. entered into a warrant exercise agreement with existing accredited investors to exercise warrants to purchase 7.9 million shares of common stock and issued new warrants to purchase up to 5.9 million shares, receiving gross proceeds of approximately $46 million. ($46.0M proceeds)

3.3M 660K
Jun 15, 2021
Stock Split

8-K filing | Stock split 1-for-3 | Outstanding: 10,021,568 → 3,337,182 | Transactions: Issuance 95388 Preferred stock

3.3M 660K
May 12, 2021

10-Q filing | 10.0M shares outstanding

10M 2M
Mar 12, 2021

10-K filing | 10.0M shares outstanding

10M 2M
Nov 06, 2020

10-Q filing | 7.8M shares outstanding

7.8M 2M
Jul 30, 2020

10-Q filing | 7.7M shares outstanding

7.7M 2M
Jun 19, 2020

10-Q filing | 7.7M shares outstanding

7.7M 2M
Feb 27, 2020

10-K filing | 7.7M shares outstanding

7.7M 2M
Feb 07, 2020

S-1 filing: Obalon Therapeutics, Inc. is offering 1,978,280 shares of common stock through Lincoln Park Capital Fund, LLC, as detailed in this S-1 filing, with the intention of raising up to $15,000,000 for working capital and general corporate purposes.

7.7M 2M
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