Renatus Tactical Acquisition Corp I (RTAC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 72.46% of current shares
Recent Dilution: 557.78% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
24M
Potential Supply
18M
Additional shares possible
Splits
None
Past 2 years

Summary

RTAC currently has 24.2M outstanding shares. with significant dilution risk as 17.5M authorized shares could dilute existing holders by 72.5%. The company has significantly diluted shareholders by 557.78% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 24.2M shares outstanding

24M 18M
Mar 13, 2026

10-K filing | 24.2M shares outstanding

24M 18M
Aug 13, 2025

10-Q filing | 7.0M shares outstanding

7M 18M
Jun 25, 2025

10-Q filing | 24.2M shares outstanding

24M 18M
May 22, 2025

8-K filing: Renatus Tactical Acquisition Corp I completed its initial public offering of 24,150,000 units at $10.00 per unit and a private placement of 3,821,591 private placement warrants at $1.00 per warrant. ($245.32M proceeds)

5.8M 18M
May 19, 2025

8-K filing: Renatus Tactical Acquisition Corp I consummated its IPO of 24,150,000 units at $10.00 per unit, generating gross proceeds of $241,500,000, and simultaneously consummated the private placement of 3,821,591 private placement warrants at $1.00 per warrant, generating gross proceeds of $3,821,591. The company also appointed new directors and amended its articles of association. ($245.32M proceeds)

5.8M 18M
May 13, 2025

S-1/A filing: Renatus Tactical Acquisition Corp I is offering 17,500,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable public warrant.

5.8M 18M
May 09, 2025

S-1/A filing: Renatus Tactical Acquisition Corp I is offering 17,500,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable public warrant.

5.8M 21M
May 06, 2025

S-1/A filing: Renatus Tactical Acquisition Corp I is offering 17,500,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable public warrant.

5.8M 26M
Apr 21, 2025

S-1/A filing: Renatus Tactical Acquisition Corp I is a blank check company offering 17,500,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable public warrant.

5.8M 30M
Mar 14, 2025

S-1 filing: Renatus Tactical Acquisition Corp I is offering 17,500,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable public warrant, along with private placement warrants to be sold in a private placement to Sponsor Holdco.

5.8M 21M
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