Salarius Pharmaceuticals, Inc. (SLRX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 31, 2026

Risk Assessment Details

Potential Dilution: 561.89% of current shares
Recent Dilution: Infinity% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
530K
Potential Supply
3M
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

Summary

SLRX currently has 532K outstanding shares. with significant dilution risk as 2.99M authorized shares could dilute existing holders by 561.9%. The company has significantly diluted shareholders by Infinity% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 31, 2026

10-K filing | 0.5M shares outstanding

530K 3M
Nov 14, 2025

10-Q filing | 5.9M shares outstanding

5.9M 3M
Nov 13, 2025

8-K filing: Salarius Pharmaceuticals, Inc. completed a public offering of common stock, pre-funded warrants, Series A warrants, and Series B warrants, closing on November 12, 2025, with net proceeds of approximately $6.3 million. ($6.3M proceeds)

4.2M 3M
Oct 21, 2025

S-1/A filing: Salarius is offering shares of common stock, pre-funded warrants, Series A Warrants, and Series B Warrants in a combination offering.

1.1M 3M
Oct 06, 2025

8-K filing: Salarius Pharmaceuticals, Inc. issued and sold an aggregate of 434,882 shares of its common stock for $2.4 million and 367,887 shares of its Common Stock for $3.8 million, since June 30, 2025. ($6.2M proceeds)

0 2.4M
Sep 23, 2025

S-1/A filing: Salarius is offering shares of its common stock, Series A Warrants, Series B Warrants, and pre-funded warrants to purchase shares of common stock in a combination offering.

0 2.4M
Aug 15, 2025
Stock Split

8-K filing: Stock split 1-for-15 | Outstanding: 7,645,594 → 509,706

510K 2.5M
Aug 12, 2025

10-Q filing | 7.6M shares outstanding

7.6M 37M
Aug 08, 2025

S-1/A filing: Salarius is filing an S-1/A to offer 10,794,765 shares of common stock, pre-funded warrants to purchase up to 10,794,765 shares of common stock, Series A Warrants to purchase up to 32,384,295 shares of common stock, Series B Warrants to purchase up to 10,794,765 shares of common stock, and Representative Warrants to purchase up to 539,738 shares of common stock.

7.6M 37M
Jul 31, 2025

8-K filing: Salarius issued and sold 5.5 million shares of its common stock for gross proceeds of approximately $3.8 million to C/M Capital Master Fund, LP between July 10, 2025 and July 30, 2025. ($3.8M proceeds)

2.1M 14M
Jun 16, 2025

S-1/A filing: Salarius is offering common stock, pre-funded warrants, and representative warrants in connection with a merger with Decoy Therapeutics Inc.

2.1M 14M
May 22, 2025

S-1/A filing: This S-1/A filing from Salarius Pharmaceuticals relates to an offering of common stock, pre-funded warrants, and representative warrants, with the proceeds intended to satisfy a financing condition for a planned merger with Decoy Therapeutics Inc.

2.1M 14M
May 14, 2025

10-Q filing | 2.1M shares outstanding

2.1M 14M
Apr 17, 2025

S-1/A filing: This S-1/A filing relates to an offering of Salarius' common stock and pre-funded warrants, with the intention to use the proceeds for clinical development, debt repayment, and general corporate purposes, contingent upon a merger with Decoy Therapeutics Inc. and a minimum financing of $6.0 million.

2.1M 14M
Mar 21, 2025

10-K filing | 1.7M shares outstanding

1.7M 14M
Jan 17, 2025

8-K filing: Salarius Pharmaceuticals issued and sold 141,000 shares of common stock to C/M Capital Master Fund, LP at $3.50 per share, and also issued 1,410 commitment shares. ($0.49M proceeds)

1.4M 14M
Jan 13, 2025

8-K filing: Salarius Pharmaceuticals entered into a merger agreement with Decoy Therapeutics and canceled a warrant to purchase 454,546 shares of its common stock for $350,000. ($0.35M proceeds)

1.4M 14M
Dec 16, 2024

S-1 filing: This S-1 filing outlines an offering of up to 6,733,334 shares of common stock by a selling stockholder and details a purchase agreement for up to $10.0 million of shares.

1.4M 14M
Nov 14, 2024

10-Q filing | 1.4M shares outstanding

1.4M 550K
Aug 15, 2024

8-K filing: Salarius Pharmaceuticals, Inc. sold 564,730 shares of its common stock for gross proceeds of approximately $1.5 million pursuant to an At the Market Offering Agreement. ($1.5M proceeds)

1.4M 550K
Aug 09, 2024

10-Q filing | 1.4M shares outstanding

1.4M 550K
Jun 14, 2024
Stock Split

8-K filing: Stock split 1-for-8 | Outstanding: 4,776,433 → 0

0 550K
May 13, 2024

10-Q filing | 4.8M shares outstanding

4.8M 4.4M
Mar 22, 2024

10-K filing | 4.3M shares outstanding

4.3M 4.4M
Nov 09, 2023

10-Q filing | 3.8M shares outstanding

3.8M 4.4M
Aug 10, 2023

10-Q filing | 3.6M shares outstanding

3.6M 4.4M
Jun 01, 2023

S-3/A filing: The filing relates to a private placement of shares and warrants to Armistice, with H.C. Wainwright & Co., LLC acting as the exclusive placement agent.

2.4M 4.4M
May 26, 2023

S-3 filing: Salarius Pharmaceuticals, Inc. is offering shares of common stock and warrants through a private placement to Armistice, with aggregate gross proceeds of approximately $6.0 million.

2.4M 11M
May 16, 2023

8-K filing: Salarius Pharmaceuticals, Inc. completed a private placement offering, issuing 330,000 shares of common stock, pre-funded warrants to purchase 3,306,364 shares, Series A-1 warrants to purchase 3,636,364 shares, and Series A-2 warrants to purchase 3,636,364 shares, at a purchase price of $1.65 per share and accompanying Common Stock Warrants and $1.6499 per Pre-Funded Warrant and accompanying Common Stock Warrants, resulting in gross proceeds of approximately $6.0 million. ($6.0M proceeds)

2.4M 490K
May 11, 2023

10-Q filing | 2.4M shares outstanding

2.4M 490K
Mar 27, 2023

10-K filing | 2.5M shares outstanding

2.5M 490K
Nov 10, 2022

10-Q filing | 2.2M shares outstanding

2.2M 490K
Oct 14, 2022
Stock Split

8-K filing: Stock split 1-for-25 | Outstanding: 56,116,243 → 2

2 490K
Aug 05, 2022

10-Q filing | 53.5M shares outstanding

54M 12M
Aug 05, 2022

S-3 filing: Salarius Pharmaceuticals files an S-3 registration statement for a shelf offering of common stock, preferred stock, warrants, debt securities and/or units, with a total offering price not to exceed $50,000,000.

56M 12M
Jun 10, 2022

S-3 filing: S-3 filing for 7,004,578 shares of common stock offered by the Selling Stockholders.

56M 12M
May 12, 2022

10-Q filing | 56.1M shares outstanding

56M 5.1M
Apr 22, 2022

8-K filing: Salarius Pharmaceuticals, Inc. sold 9,339,436 shares of common stock at $0.25 per share and unregistered warrants exercisable for 7,004,578 shares at $0.3399 per share in a registered direct offering and private placement, respectively, for gross proceeds of approximately $2.3 million. ($2.33M proceeds)

47M 5.1M
Mar 25, 2022

10-K filing | 46.7M shares outstanding

47M 5.1M
Jan 13, 2022

8-K filing: Salarius Pharmaceuticals, Inc. entered into an Acquisition and Strategic Collaboration Agreement with DeuteRx, LLC to purchase certain assets in exchange for cash and 1,000,000 shares of the Company's common stock.

45M 5.1M
Nov 04, 2021

10-Q filing | 44.8M shares outstanding

45M 5.1M
Aug 05, 2021

10-Q filing | 44.8M shares outstanding

45M 5.1M
Jul 02, 2021

8-K filing: Salarius Pharmaceuticals completed sales of 2,820,493 shares of common stock for net proceeds of $6.3 million under a prior prospectus supplement and has ceased the use of and the offering of Common Stock under, the prior prospectus supplement.

45M 5.1M
Jul 01, 2021

8-K filing: Salarius Pharmaceuticals distributed warrants exercisable into 142,711 shares of common stock at $15.17 per share.

45M 5.1M
May 12, 2021

10-Q filing | 44.8M shares outstanding

45M 5.1M
Mar 18, 2021

10-K filing | 44.7M shares outstanding

45M 5.1M
Mar 08, 2021

8-K filing: Salarius Pharmaceuticals, Inc. completed a public offering of 16,806,722 shares of common stock at $1.3685 per share, resulting in approximately $20.9 million of net proceeds. ($23.0M proceeds)

24M 5.1M
Jan 15, 2021

S-3 filing: The filing relates to an offering of 3,964,065 shares of common stock issuable upon exercise of warrants by selling stockholders.

24M 5.1M
Nov 12, 2020

10-Q filing | 19.8M shares outstanding

20M 1.2M
Aug 12, 2020

10-Q filing | 19.8M shares outstanding

20M 1.2M
Mar 23, 2020

10-K filing | 13.7M shares outstanding

14M 1.2M
Feb 06, 2020

S-1/A filing: The company is offering Class A Units (789,473), each consisting of one share of common stock and a warrant, and Class B Units (1,842,105), each consisting of one share of Series A Preferred Stock, convertible into one share of common stock and a warrant, at an assumed public offering price of $3.04 per unit; the underwriter has an option to purchase additional shares and/or warrants.

4.5M 1.2M
Jan 28, 2020

S-1/A filing: This is an S-1/A filing for an offering of Class A Units (one share of common stock and a warrant) and Class B Units (one share of Series A Preferred Stock and a warrant).

4.5M 1.2M
Jan 10, 2020

S-1 filing: The company is offering Class A Units, each consisting of one share of common stock and a warrant, and Class B Units, each consisting of one share of Series A Preferred Stock and a warrant, with an over-allotment option for additional shares of common stock and/or warrants.

4.5M 0
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