SOLIGENIX, INC. (SNGX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 2000.99% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
15M
Potential Supply
0
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

SNGX currently has 14.8M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 2000.99% 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 08, 2026

10-Q filing | 14.8M shares outstanding

15M 0
Mar 31, 2026

10-K filing | 10.3M shares outstanding

10M 4.4M
Mar 31, 2026

POS AM filing: This is a POS AM filing with information on expenses of issuance and distribution, indemnification of directors and officers, and shares issuable upon exercise of outstanding warrants.

10M 4.6M
Mar 31, 2026

POS AM filing: This POS AM filing from Soligenix, Inc. on March 31, 2026, relates to the registration of warrant shares being offered by the prospectus. It includes information on expenses of issuance and distribution, indemnification of directors and officers, and the plan of distribution for the common stock.

10M 4.6M
Mar 31, 2026

POS AM filing: This POS AM filing from March 31, 2026, relates to the offering of 4,253 warrant shares.

10M 4.4M
Mar 31, 2026

POS AM filing: This POS AM filing from SNGX details the offering of up to 1,054,688 resale shares of common stock by selling stockholders, with no proceeds to the company.

10M 4.4M
Nov 07, 2025

10-Q filing | 10.1M shares outstanding

10M 4.6M
Sep 29, 2025

8-K filing: Soligenix, Inc. completed a public offering, issuing 4,064,080 shares of common stock, pre-funded warrants to purchase 1,491,480 shares of common stock, and common warrants to purchase 5,555,560 shares of common stock, with gross proceeds of approximately $7.5 million. ($7.5M proceeds)

3.3M 11M
Aug 14, 2025

10-Q filing | 3.3M shares outstanding

3.3M 11M
May 09, 2025

10-Q filing | 3.0M shares outstanding

3M 12M
Mar 21, 2025

POS AM filing: This is a POS AM filing with information regarding other expenses of issuance and distribution.

1.5M 13M
Mar 21, 2025

POS AM filing: This prospectus relates to the resale from time to time by certain selling stockholders of up to 1,054,688 shares of common stock issuable upon exercise of Warrants.

3.2M 12M
Mar 21, 2025

POS AM filing: This prospectus relates to the offer and sale of 408,640 shares of common stock underlying warrants previously issued by the Company.

2.2M 13M
Mar 21, 2025

10-K filing | 3.2M shares outstanding

3.2M 12M
Nov 08, 2024

10-Q filing | 2.2M shares outstanding

2.2M 13M
Oct 11, 2024

8-K filing: Soligenix, Inc. amended its Loan and Security Agreement with Pontifax Medison Finance to allow the remaining amounts owed under the loan to be satisfied with stock in lieu of cash, reducing the conversion price to $3.81 for the first 501,648 shares and $4.23 for subsequent shares.

1.5M 13M
Aug 09, 2024

10-Q filing | 1.5M shares outstanding

1.5M 13M
Jul 09, 2024

8-K filing: Soligenix, Inc. entered into a warrant inducement agreement with certain holders to exercise existing warrants for cash to purchase up to 703,125 shares of common stock at $6.00 per share, potentially receiving gross proceeds of up to $4,218,750. In consideration, the Company agreed to issue new unregistered warrants to purchase a number of shares equal to 150% of the shares issued upon exercise of the existing warrants. ($4.22M proceeds)

11M 230M
Jun 05, 2024
Stock Split

8-K filing: Stock split 1-for-16 | Outstanding: 10,521,233 → 657,577

660K 14M
May 10, 2024

10-Q filing | 10.5M shares outstanding

11M 230M
Apr 22, 2024

8-K filing: Soligenix, Inc. closed a public offering on April 22, 2024, issuing 3,275,000 shares of common stock and pre-funded warrants to purchase 8,600,000 shares, along with common warrants to purchase 11,875,000 shares, for gross proceeds of approximately $4.75 million. ($4.74M proceeds)

10M 230M
Apr 02, 2024

S-1/A filing: This S-1/A filing describes an offering of common stock, pre-funded warrants, and common warrants with A.G.P. acting as the exclusive placement agent on a best efforts basis.

10M 230M
Mar 15, 2024

S-1/A filing: This S-1/A filing describes an offering of common stock, pre-funded warrants, and common warrants with A.G.P. acting as the exclusive placement agent on a best efforts basis.

10M 230M
Mar 15, 2024

10-K filing | 10.4M shares outstanding

10M 230M
Jan 16, 2024

S-1 filing: This S-1 filing outlines a proposed offering of common stock, pre-funded warrants, and common warrants underwritten by A.G.P./Alliance Global Partners, with proceeds intended for working capital, corporate procedures, and potential acquisitions.

10M 230M
Nov 13, 2023

10-Q filing | 10.4M shares outstanding

10M 230M
Aug 30, 2023

S-3 filing: Soligenix, Inc. is offering common stock, preferred stock, warrants, and units up to an aggregate amount of $50,000,000.

9.8M 230M
Aug 21, 2023

10-Q filing | 9.8M shares outstanding

9.8M 110M
May 15, 2023

10-Q filing | 2.9M shares outstanding

2.9M 120M
May 09, 2023

8-K filing: Soligenix, Inc. closed a public offering on May 9, 2023, selling 2,301,500 shares of common stock and pre-funded warrants to purchase 4,237,000 shares of common stock, along with common warrants to purchase 6,538,500 shares of common stock, for gross proceeds of approximately $8.5 million. ($8.5M proceeds)

2.9M 120M
May 04, 2023

S-1/A filing: This S-1/A filing relates to a potential offering of common stock, pre-funded warrants, and common warrants with A.G.P. acting as the exclusive placement agent.

2.9M 120M
May 03, 2023

8-K filing: Soligenix, Inc. amended its Director Compensation Policy on May 3, 2023, to increase the number of common stock shares issuable upon exercise of non-qualified stock options granted to directors.

2.9M 120M
Apr 20, 2023

S-1/A filing: This S-1/A filing details information regarding the expenses, indemnification of directors and officers, description of common stock, pre-funded warrants, common warrants, and the plan of distribution related to a securities offering with A.G.P. acting as the exclusive placement agent.

2.9M 120M
Apr 19, 2023

8-K filing: Soligenix, Inc. amended its Loan and Security Agreement with Pontifax Medison Finance, eliminating prepayment penalties, adjusting interest-only payment terms, and reducing the minimum cash covenant. As consideration, the Company repaid $5.0 million of the outstanding principal and reduced the conversion price for the remaining principal amount.

2.9M 120M
Mar 31, 2023

S-1 filing: This S-1 filing relates to a proposed offering of common stock, pre-funded warrants, and common warrants with A.G.P. acting as the exclusive placement agent on a best efforts basis.

43M 81M
Mar 31, 2023

10-K filing | 2.9M shares outstanding

2.9M 120M
Nov 10, 2022

10-Q filing | 43.1M shares outstanding

43M 81M
Aug 12, 2022

10-Q filing | 43.0M shares outstanding

43M 82M
May 13, 2022

10-Q filing | 42.9M shares outstanding

43M 82M
Mar 29, 2022

10-K filing | 40.1M shares outstanding

40M 84M
Nov 12, 2021

10-Q filing | 42.6M shares outstanding

43M 82M
Aug 13, 2021

10-Q filing | 40.1M shares outstanding

40M 84M
May 18, 2021

10-Q filing | 40.1M shares outstanding

40M 84M
Mar 30, 2021

10-K filing | 40.0M shares outstanding

40M 85M
Jan 15, 2021

S-3 filing: This S-3 filing registers up to 4,878,048 shares of common stock issuable pursuant to the terms of convertible notes, with 31,485,362 shares outstanding as of January 13, 2021.

31M 93M
Nov 12, 2020

10-Q filing | 29.8M shares outstanding

30M 90M
Aug 14, 2020

10-Q filing | 29.8M shares outstanding

30M 90M
Aug 14, 2020

S-3/A filing: Soligenix, Inc. registers an indeterminate number of shares of common stock and preferred stock, warrants to purchase common stock and/or preferred stock, and units consisting of any combination of the foregoing for potential sale, with an aggregate offering price not to exceed $50 million.

30M 90M
Jul 31, 2020

S-3/A filing: Soligenix, Inc. is offering common stock, preferred stock, warrants, and units for an aggregate offering price not to exceed $50 million.

29M 24M
Jul 17, 2020

S-3 filing: Soligenix, Inc. is offering common stock, preferred stock, warrants, and units up to an aggregate offering price of $50 million.

29M 24M
May 15, 2020

10-Q filing | 26.6M shares outstanding

27M 0
Mar 30, 2020

10-K filing | 21.8M shares outstanding

22M 0
Mar 20, 2020

8-K filing: Soligenix, Inc. issued 1,956,182 shares of its common stock to Hy Biopharma, Inc. at a price of $2.56 per share, as payment following the achievement of a milestone under the Asset Purchase Agreement.

N/A 0
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