ARS Pharmaceuticals, Inc. (SPRY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 65.27% of current shares
Recent Dilution: 2.87% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
99M
Potential Supply
65M
Additional shares possible
Splits
None
Past 2 years

Summary

SPRY currently has 99.3M outstanding shares. with significant dilution risk as 64.8M authorized shares could dilute existing holders by 65.3%. The company has minimally diluted shareholders by 2.87% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 99.3M shares outstanding

99M 65M
Mar 09, 2026

10-K filing | 98.6M shares outstanding

99M 65M
Nov 10, 2025

10-Q filing | 98.8M shares outstanding

99M 65M
Aug 13, 2025

10-Q filing | 98.4M shares outstanding

98M 65M
May 14, 2025

10-Q filing | 98.1M shares outstanding

98M 65M
Mar 20, 2025

10-K filing | 96.9M shares outstanding

97M 65M
Nov 13, 2024

10-Q filing | 97.0M shares outstanding

97M 65M
Aug 06, 2024

10-Q filing | 96.8M shares outstanding

97M 65M
May 09, 2024

10-Q filing | 96.5M shares outstanding

96M 65M
Mar 21, 2024

10-K filing | 95.2M shares outstanding

95M 65M
Nov 09, 2023

10-Q filing | 95.6M shares outstanding

96M 65M
Aug 10, 2023

10-Q filing | 94.9M shares outstanding

95M 65M
May 15, 2023

10-Q filing | 94.2M shares outstanding

94M 65M
Apr 20, 2023

S-3 filing: This S-3 filing relates to the proposed resale of 64,779,432 shares of common stock by selling stockholders.

94M 65M
Mar 23, 2023

10-K filing | 94.4M shares outstanding

94M 34K
Nov 02, 2022

10-Q filing | 35.5M shares outstanding

35M 34K
Aug 11, 2022

10-Q filing | 35.5M shares outstanding

35M 34K
May 12, 2022

10-Q filing | 35.1M shares outstanding

35M 34K
Mar 31, 2022

10-K filing | 35.1M shares outstanding

35M 34K
Jan 03, 2022

S-3 filing: The filing is for a shelf offering of common stock, preferred stock, and debt securities with a total proposed amount of $250,000,000.

35M 34K
Nov 10, 2021

10-Q filing | 35.1M shares outstanding

35M 34K
Aug 12, 2021

10-Q filing | 35.0M shares outstanding

35M 34K
May 13, 2021

10-Q filing | 34.9M shares outstanding

35M 34K
Dec 03, 2020

S-1/A filing: An S-1/A filing indicates a company intends to offer 10,000,000 shares of common stock, with 808,611 shares of common stock outstanding as of September 30, 2020, excluding redeemable convertible preferred stock. The filing also mentions the potential issuance of shares through stock options and future equity or convertible debt securities, which may cause dilution.

810K 34K
Nov 30, 2020

S-1/A filing: The document is an S-1/A filing related to Silverback Therapeutics, Inc. and includes details about the company's 2020 Equity Incentive Plan, outstanding stock options, and potential dilution from future equity issuances.

22M 34K
Nov 10, 2020

S-1 filing: This is an S-1 filing for a company offering common stock through stock options granted under their 2016 Equity Incentive Plan and through warrants issued to lenders, while also reserving shares for future issuance under the 2020 Plan and ESPP.

80M 34K
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