374Water Inc. (SCWO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 49.31% of current shares
Recent Dilution: 28.96% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
17M
Potential Supply
8.6M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

SCWO currently has 17.4M outstanding shares. with moderate dilution risk from 8.6M authorized shares representing 49.3% potential dilution. The company has significantly diluted shareholders by 28.96% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 17.4M shares outstanding

17M 8.6M
Mar 31, 2026

10-K filing | 17.1M shares outstanding

17M 8.9M
Dec 26, 2025
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 169,248,799 → 16,924,879

17M 9.1M
Nov 12, 2025

S-3 filing: 374Water Inc. may offer and sell up to an aggregate amount of $100,000,000 of any combination of securities described in this prospectus.

150M 110M
Nov 12, 2025

10-Q filing | 169.2M shares outstanding

170M 0
Aug 12, 2025

10-Q filing | 145.1M shares outstanding

150M 0
Jun 06, 2025

8-K filing: 374Water Inc. entered into an At-The-Market issuance Sales Agreement with Lake Street Capital Markets, LLC, to offer and sell shares of its common stock with an aggregate offering price of up to $15,100,000, not to exceed 28,700,000 shares. ($15.1M proceeds)

140M 0
May 15, 2025

10-Q filing | 144.6M shares outstanding

140M 0
Mar 28, 2025

10-K filing | 134.5M shares outstanding

130M 0
Nov 18, 2024

8-K filing: 374Water Inc. entered into a Securities Purchase Agreement to issue and sell 9,783,496 shares of common stock and warrants to purchase up to 14,675,244 shares in a registered direct offering, which closed on November 18, 2024, for gross proceeds of approximately $12.2 million. ($12.2M proceeds)

130M 0
Nov 14, 2024

10-Q filing | 132.7M shares outstanding

130M 0
Aug 14, 2024

10-Q filing | 132.7M shares outstanding

130M 0
May 15, 2024

10-Q filing | 132.7M shares outstanding

130M 0
Mar 29, 2024

10-K filing | 126.7M shares outstanding

130M 2.3M
Nov 09, 2023

10-Q filing | 126.7M shares outstanding

130M 2.3M
Aug 08, 2023

10-Q filing | 130.7M shares outstanding

130M 0
May 08, 2023

10-Q filing | 129.0M shares outstanding

130M 0
Mar 16, 2023

10-K filing | 127.3M shares outstanding

130M 1.6M
Dec 22, 2022

S-3 filing: 374Water Inc. files an S-3 to offer up to $200,000,000 of any combination of securities, including common stock and preferred stock, and registers 3,645,000 shares of common stock for selling stockholders.

130M 2.3M
Nov 01, 2022

10-Q filing | 126.7M shares outstanding

130M 0
Aug 04, 2022

10-Q filing | 126.7M shares outstanding

130M 0
Jun 17, 2022

S-1 filing: The filing is an S-1 registration statement for an initial public offering of common stock and representative's warrants.

130M 0
May 06, 2022

10-Q filing | 125.3M shares outstanding

130M 0
Mar 01, 2022

10-K filing | 125.3M shares outstanding

130M 0
Dec 23, 2021

8-K filing: 374Water Inc. closed a private placement on December 17, 2021, selling 2,500,000 shares of common stock at $2.00 per share for an aggregate purchase price of $5,000,000 to certain accredited investors. ($5.0M proceeds)

120M 0
Nov 02, 2021

10-Q filing | 122.8M shares outstanding

120M 0
Aug 16, 2021

10-Q filing | 98.4M shares outstanding

98M 0
May 14, 2021

10-Q filing | 97.2M shares outstanding

97M 0
Apr 22, 2021

8-K filing: PowerVerde merged with 374Water, issuing 64,012,734 shares of common stock to former 374Water shareholders and closing a private placement of Series D Convertible Preferred Stock for $6,551,735. ($6.55M proceeds)

32M 0
Mar 09, 2021

10-K filing | 31.8M shares outstanding

32M 0
Nov 16, 2020

10-Q filing | 31.8M shares outstanding

32M 0
Oct 06, 2020

8-K filing: PowerVerde purchased 4,027,408 shares of its common stock from George Konrad for $300,000 and raised funds through a private placement of convertible notes. ($0.3M proceeds)

32M 0
Aug 10, 2020

10-Q filing | 31.8M shares outstanding

32M 0
May 12, 2020

10-Q filing | 31.8M shares outstanding

32M 0
Apr 14, 2020

10-K filing | 31.8M shares outstanding

32M 0
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