SRM Entertainment, Inc. (SRM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 7.29% of current shares
Recent Dilution: 903.25% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
480M
Potential Supply
35M
Additional shares possible
Splits
None
Past 2 years

Summary

SRM currently has 476M outstanding shares. with limited dilution risk as only 34.7M additional shares (7.3%) are authorized for issuance. The company has significantly diluted shareholders by 903.25% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 476.4M shares outstanding

480M 35M
Mar 25, 2026

10-K filing | 274.4M shares outstanding

270M 35M
Mar 18, 2026

S-3 filing: This prospectus relates to the resale of common stock of Tron Inc. by the selling stockholder.

270M 35M
Mar 13, 2026

S-3/A filing: This prospectus is part of a registration statement that we filed with the SEC utilizing a shelf registration process, under which we may sell any combination of common stock, preferred stock, debt securities, warrants, rights, and units in one or more offerings up to a total dollar amount of $1,000,000,000.

270M 22M
Dec 29, 2025

8-K filing: Tron Inc. entered into a Stock Purchase Agreement with Black Anthem Limited for the sale of 13,067,151 shares of common stock at $1.3775 per share, resulting in gross proceeds of approximately $18 million. ($18.0M proceeds)

270M 22M
Nov 10, 2025

10-Q filing | 257.1M shares outstanding

260M 22M
Oct 17, 2025

S-3/A filing: This prospectus relates to the registration of common stock, preferred stock, debt securities, warrants, rights, and units that the company may offer and sell from time to time, with an aggregate offering price of up to $1,000,000,000.

33M 22M
Sep 02, 2025

8-K filing: Bravemorning Limited exercised PIPE Warrants in full, and the Company issued 220,000,000 shares of Common Stock to Bravemorning for $110,000,000 paid in 312,500,100 TRX tokens. ($220.0M proceeds)

33M 22M
Aug 29, 2025

8-K filing: Tron Inc. amended PIPE Warrants to allow exercise price payment in TRON tokens (TRX) in addition to cash or cashless exercise.

33M 22M
Aug 22, 2025

S-3/A filing: The company filed a registration statement with the SEC utilizing a shelf registration process to sell any combination of common stock, preferred stock, debt securities, warrants, rights, and units in one or more offerings up to a total dollar amount of $1,000,000,000.

33M 22M
Aug 08, 2025

10-Q filing | 33.5M shares outstanding

33M 22M
Jun 16, 2025

8-K filing: SRM Entertainment, Inc. entered into a Securities Purchase Agreement for a private investment in public equity (PIPE) offering, issuing 100,000 shares of Series B Convertible Preferred Stock convertible into 200,000,000 shares of common stock, and warrants to acquire up to 220,000,000 shares of Common Stock. ($100.0M proceeds)

17M 22M
May 29, 2025

S-3 filing: This S-3 filing relates to the resale of up to 18,392,856 shares of common stock by the selling stockholders.

17M 22M
May 28, 2025

8-K filing: SRM Entertainment, Inc. closed a PIPE Offering on May 27, 2025, issuing Series A Convertible Preferred Stock and warrants, resulting in gross proceeds of $5 million, and also issued options to non-employee directors. ($5.0M proceeds)

17M 3.3M
May 09, 2025

10-Q filing | 17.2M shares outstanding

17M 3.3M
Mar 31, 2025

10-K filing | 17.2M shares outstanding

17M 3.3M
Dec 06, 2024

8-K filing: SRM Entertainment, Inc. entered into a securities purchase agreement to sell and issue 1,580,000 shares of common stock and 712,133 pre-funded warrants to purchase up to 712,133 shares of common stock at a combined purchase price of approximately $1.7 million. ($1.7M proceeds)

14M 3.3M
Nov 13, 2024

10-Q filing | 13.9M shares outstanding

14M 3.3M
Oct 22, 2024

8-K filing: SRM Entertainment, Inc. entered into Securities Purchase Agreements with four accredited investors for the purchase and sale of 1,711,477 shares of the Company's common stock at a price of $0.61 per share, generating gross proceeds of approximately $1,044,000. ($1.04M proceeds)

10M 3.3M
Sep 11, 2024

S-3 filing: SRM Entertainment, Inc. files an S-3 to offer and sell up to $25 million in the aggregate of common stock, preferred stock, and debt securities from time to time in one or more offerings.

10M 3.3M
Sep 06, 2024

8-K filing: SRM Entertainment, Inc. issued 1,500,000 restricted shares of common stock to Suretone Entertainment, Inc. as part of an asset purchase agreement. ($1.25M proceeds)

10M 3.3M
Aug 12, 2024

10-Q filing | 10.2M shares outstanding

10M 3.3M
May 10, 2024

10-Q filing | 10.0M shares outstanding

10M 3.3M
Apr 01, 2024

10-K filing | 10.2M shares outstanding

10M 3.3M
Nov 13, 2023

10-Q filing | 9.8M shares outstanding

9.8M 3.3M
Oct 03, 2023

10-Q filing | 9.5M shares outstanding

9.5M 3.3M
Aug 16, 2023

8-K filing: SRM Entertainment, Inc. completed its initial public offering of 1,250,000 shares of common stock at $5.00 per share on August 16, 2023, receiving net proceeds of approximately $5.3 million, and issued warrants to the Representative to purchase up to 50,000 shares of common stock. ($6.25M proceeds)

8.2M 3.3M
Jul 28, 2023

S-1/A filing: SRM Entertainment, Inc. is offering 1,250,000 shares of common stock in an initial public offering at an assumed price of $5.00 per share. Additionally, Jupiter Wellness will distribute 2,000,000 shares of SRM's common stock to its shareholders and warrant holders.

8.2M 3.3M
Jul 18, 2023

S-1/A filing: SRM Entertainment, Inc. is offering 1,250,000 shares of common stock in an initial public offering at an assumed price of $5.00 per share. Additionally, Jupiter Wellness will distribute 2,000,000 shares of SRM Entertainment, Inc. common stock to its shareholders and warrant holders.

8.2M 3.3M
Jul 06, 2023

S-1/A filing: SRM Entertainment, Inc. is offering 1,800,000 shares of common stock in an initial public offering, with an assumed initial public offering price of $5.00 per share, and also registering 2,000,000 shares of common stock to be distributed by Jupiter Wellness to its shareholders and warrant holders.

8.2M 3.8M
Jun 12, 2023

S-1/A filing: SRM Entertainment, Inc. is offering 1,800,000 shares of common stock in an initial public offering, with an anticipated offering price between $4.50 and $5.50 per share. Jupiter Wellness is distributing 2,000,000 shares of SRM common stock to its shareholders and warrant holders.

8.2M 3.8M
May 26, 2023

S-1 filing: SRM Entertainment, Inc. is offering 1,800,000 shares of common stock in an initial public offering, with an anticipated offering price between $4.50 and $5.50 per share. Jupiter Wellness, Inc. is also distributing an aggregate of 2,000,000 shares of SRM common stock to its shareholders.

8.2M 3.8M
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