Sagimet Biosciences Inc. (SGMT) - 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: 373.03% of current shares
Recent Dilution: 2024.69% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
33M
Potential Supply
120M
Additional shares possible
Splits
None
Past 2 years

Summary

SGMT currently has 32.6M outstanding shares. with significant dilution risk as 121M authorized shares could dilute existing holders by 373.0%. The company has significantly diluted shareholders by 2024.69% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 32.6M shares outstanding

33M 120M
Mar 11, 2026

10-K filing | 32.3M shares outstanding

32M 120M
Nov 13, 2025

10-Q filing | 32.5M shares outstanding

32M 120M
Aug 13, 2025

10-Q filing | 32.2M shares outstanding

32M 120M
May 08, 2025

10-Q filing | 1.5M shares outstanding

1.5M 120M
Mar 12, 2025

10-K filing | 1.5M shares outstanding

1.5M 120M
Nov 14, 2024

10-Q filing | 32.1M shares outstanding

32M 120M
Aug 15, 2024

S-3 filing: The company is filing an S-3 to offer and sell up to $300,000,000 in the aggregate of Series A Common Stock, Preferred Stock , Debt Securities , Warrants , Units, and Subscription Rights from time to time in one or more offerings.

30M 120M
Aug 14, 2024

10-Q filing | 31.9M shares outstanding

32M 0
May 15, 2024

10-Q filing | 29.0M shares outstanding

29M 0
Mar 25, 2024

10-K filing | 30.4M shares outstanding

30M 0
Jan 30, 2024

8-K filing: Sagimet Biosciences Inc. closed an underwritten public offering of 9,000,000 shares of Series A common stock at $12.50 per share, resulting in approximately $112.5 million of gross proceeds. ($112.5M proceeds)

1.6B 0
Jan 24, 2024

S-1/A filing: This S-1/A filing updates the number of shares of common stock the Company is authorized to issue, increasing it from 1,590,550,754 to 1,608,370,000.

1.6B 0
Nov 13, 2023

10-Q filing | 21.4M shares outstanding

21M 0
Aug 21, 2023

10-Q filing | 0.2M shares outstanding

190K 0
Jul 10, 2023

S-1/A filing: This S-1/A filing relates to an increase in the number of authorized shares of common stock from 1,590,550,754 to 1,608,370,000 and discusses potential issuances related to the conversion of redeemable convertible preferred stock, exercise of warrants, and exercise of stock options.

N/A 0
Jul 03, 2023

S-1/A filing: The filing relates to an S-1/A filing for common stock, increasing the authorized shares from 1,590,550,754 to 1,608,370,000 and discussing reserved shares for potential conversion of redeemable convertible preferred stock, exercise of warrants and stock options.

N/A 0
Jun 23, 2023

S-1 filing: S-1 filing for common stock offering, increasing authorized shares.

N/A 0
Mar 21, 2022

RW filing: Sagimet Biosciences Inc. is withdrawing its Registration Statement on Form S-1 (File No. 333-255304) because it does not intend to proceed with the initial public offering of the common shares proposed to be registered at this time.

N/A 0
May 10, 2021

S-1/A filing: This S-1/A filing relates to Sagimet Biosciences Inc.'s initial public offering of Class A common stock.

N/A 0
Apr 16, 2021

S-1 filing: This S-1 filing relates to the initial public offering of Class A common stock by Sagimet Biosciences Inc.

N/A 0
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