SARATOGA INVESTMENT CORP. (SAR) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
SAR currently has 15.9M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 16.88% over the past 2 years through share issuances.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 05, 2026 |
10-K filing | 15.9M shares outstanding |
16M | 0 |
| Apr 14, 2026 |
8-K filing: Saratoga Investment Corp. issued $25,000,000 in 7.25% Notes due 2029 to an institutional investor in a private placement. ($24.28M proceeds) |
16M | 0 |
| Jan 27, 2026 |
8-K filing: Saratoga Investment Corp. completed a private placement of $50,000,000 aggregate principal amount of 7.25% Senior Unsecured Notes due May 1, 2030, with net proceeds of approximately $48.5 million. ($48.5M proceeds) |
16M | 0 |
| Jan 07, 2026 |
10-Q filing | 16.1M shares outstanding |
16M | 0 |
| Oct 07, 2025 |
10-Q filing | 15.8M shares outstanding |
16M | 0 |
| Jul 08, 2025 |
10-Q filing | 15.3M shares outstanding |
15M | 0 |
| May 07, 2025 |
10-K filing | 13.9M shares outstanding |
14M | 0 |
| Jan 08, 2025 |
10-Q filing | 13.8M shares outstanding |
14M | 0 |
| Oct 08, 2024 |
10-Q filing | 13.7M shares outstanding |
14M | 0 |
| Jul 09, 2024 |
10-Q filing | 13.7M shares outstanding |
14M | 0 |
| May 06, 2024 |
10-K filing | 12.7M shares outstanding |
13M | 0 |
| Jan 09, 2024 |
10-Q filing | 13.1M shares outstanding |
13M | 0 |
| Oct 10, 2023 |
10-Q filing | 12.2M shares outstanding |
12M | 0 |
| Jul 10, 2023 |
10-Q filing | 11.9M shares outstanding |
12M | 0 |
| May 02, 2023 |
10-K filing | 12.0M shares outstanding |
12M | 0 |
| Jan 10, 2023 |
10-Q filing | 11.9M shares outstanding |
12M | 0 |
| Dec 13, 2022 |
8-K filing: Saratoga Investment Corp. issued and sold $52,500,000 aggregate principal amount of 8.125% Notes due 2027 on December 13, 2022, with net proceeds to the Company of approximately $50,759,375. ($50.76M proceeds) |
12M | 0 |
| Oct 04, 2022 |
10-Q filing | 12.0M shares outstanding |
12M | 0 |
| Jan 19, 2022 |
8-K filing: Saratoga Investment Corp. issued $75 million of 4.35% Notes due 2027 in a completed offering, receiving net proceeds of approximately $72.7 million after deducting underwriting discounts and offering expenses. ($72.7M proceeds) |
N/A | 0 |
| Jul 20, 2021 |
8-K filing: Saratoga Investment Corp. issued and sold $125 million aggregate principal amount of 4.375% Notes due 2026. ($123.5M proceeds) |
N/A | 0 |