SRx Health Solutions, Inc. (SRXH) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
SRXH currently has 590M outstanding shares. with significant dilution risk as 2.11B authorized shares could dilute existing holders by 357.1%. The company has significantly diluted shareholders by 1539.64% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 14, 2026 |
10-Q filing | 590.3M shares outstanding |
590M | 2.1B |
| Mar 18, 2026 |
8-K filing: SRx Health Solutions, Inc. entered into a Securities Purchase Agreement for a private placement of Series B convertible preferred stock and warrants, with an initial closing on March 16, 2026, resulting in the issuance of 5,660 shares of Series B Preferred Stock and 22,237,666 warrants for $4.528 million. ($9.06M proceeds) |
70M | 2.6B |
| Dec 23, 2025 |
S-1/A filing: This S-1/A filing relates to the resale of up to 187,544,974 shares of common stock by selling stockholders. |
70M | 2.6B |
| Dec 10, 2025 |
S-1/A filing: This prospectus relates to the resale of up to 2,506,893,959 shares of common stock offered by the Selling Stockholder, Keystone Capital Partners, LLC. |
28M | 2.5B |
| Dec 05, 2025 |
10-K filing | 27.4M shares outstanding |
27M | 3.4B |
| Nov 04, 2025 |
S-1 filing: This S-1 filing relates to the resale of up to 82,000,000 shares of common stock by the selling stockholder, Keystone Capital Partners, LLC, and the company may receive up to $1.0 billion in aggregate gross proceeds from Keystone under the ELOC Purchase Agreement in connection with sales of its shares of Common Stock to Keystone pursuant to the ELOC Purchase Agreement. |
25M | 3.4B |
| Sep 30, 2025 |
10-Q filing | 24.9M shares outstanding |
25M | 0 |
| Jul 15, 2025 |
8-K filing: SRx Health Solutions, Inc. entered into a common share purchase agreement with an investor, potentially selling up to $50,000,000 of common shares, and also issued convertible notes and warrants to investors. |
12M | 0 |
| May 15, 2025 |
10-Q filing | 11.7M shares outstanding |
12M | 0 |
| Apr 17, 2025 |
8-K filing: Better Choice Company Inc. will acquire SRx Health Solutions Inc. in an all-stock transaction, with SRx shareholders receiving an aggregate of 30,000,000 shares of Better Choice Company's common stock. |
2.4M | 1.1M |
| Mar 31, 2025 |
10-K filing | 2.4M shares outstanding |
2.4M | 1.1M |
| Nov 14, 2024 |
10-Q filing | 2.1M shares outstanding |
2.1M | 1.4M |
| Aug 14, 2024 |
10-Q filing | 1.7M shares outstanding |
1.7M | 1.9M |
| Aug 07, 2024 |
8-K filing: Better Choice Company Inc. completed an underwritten public offering, including the exercise of an over-allotment option, resulting in gross proceeds of approximately $5.3 million. ($5.0M proceeds) |
920K | 2.6M |
| Aug 01, 2024 |
8-K filing: Better Choice Company Inc. closed an underwritten public offering on July 31, 2024, selling 639,000 shares of common stock at $3.00 per share and 1,028,000 pre-funded warrants at $2.99 per warrant, resulting in gross proceeds of $4,990,720.00. ($4.99M proceeds) |
920K | 2.6M |
| Jul 24, 2024 |
S-1/A filing: This is a firm commitment public offering of 1,640,000 shares of common stock of Better Choice Company Inc., par value $0.001 per share, an assumed public offering price of $3.71 per share, which is based on the last reported sales price of our common stock on the NYSE American on July 1, 2024. We are also offering to certain purchasers, if any, whose purchase of shares of common stock in this offering would otherwise result in the purchaser beneficially owning more than 4.99% (or 9.99%) of our outstanding common stock, the opportunity to purchase pre-funded warrants in lieu of shares of common stock. |
920K | 2.6M |
| Jul 08, 2024 |
S-1 filing: Better Choice Company Inc. is offering 1,640,000 shares of common stock at an assumed price of $3.71 per share, along with pre-funded warrants to purchase up to 1,640,000 additional shares of common stock. |
820K | 2.7M |
| Jun 21, 2024 |
8-K filing: Better Choice Company agreed to settlement terms with Alphia, Inc., which includes the retirement of senior secured debt, warrants, and other indebtedness. |
890K | 0 |
| May 17, 2024 |
10-Q filing | 0.9M shares outstanding |
890K | 0 |
| Apr 12, 2024 |
10-K filing | 0.9M shares outstanding |
890K | 0 |
| Mar 20, 2024 |
Stock Split
8-K filing: Stock split 1-for-44 | Outstanding: 30,975,566 → 703,145 |
700K | 0 |
| Nov 14, 2023 |
10-Q filing | 31.0M shares outstanding |
31M | 0 |
| Aug 21, 2023 |
10-Q filing | 30.6M shares outstanding |
31M | 0 |
| Jun 27, 2023 |
8-K filing: Better Choice Company Inc. entered into a term loan credit agreement with Alphia Inc. for $5,000,000 and issued warrants to Alphia to purchase shares of the Company's common stock. |
30M | 0 |
| May 12, 2023 |
10-Q filing | 30.5M shares outstanding |
30M | 0 |
| May 01, 2023 |
S-3 filing: The filing is for a shelf offering of common stock, preferred stock, and debt securities, with an aggregate offering price not to exceed $55,000,000. |
31M | 0 |
| Mar 28, 2023 |
10-K filing | 29.4M shares outstanding |
29M | 0 |
| Nov 10, 2022 |
10-Q filing | 29.4M shares outstanding |
29M | 0 |
| Aug 11, 2022 |
10-Q filing | 29.4M shares outstanding |
29M | 0 |
| May 12, 2022 |
10-Q filing | 29.3M shares outstanding |
29M | 0 |
| Mar 29, 2022 |
10-K filing | 29.4M shares outstanding |
29M | 0 |
| Nov 10, 2021 |
10-Q filing | 29.2M shares outstanding |
29M | 0 |
| Aug 12, 2021 |
10-Q filing | 29.6M shares outstanding |
30M | 0 |
| Jul 01, 2021 |
Stock Split
8-K filing: Better Choice Company Inc. completed a 1-for-6 reverse stock split and a public offering of 8,000,000 shares of common stock at $5.00 per share, resulting in gross proceeds of $40,000,000. ($40.0M proceeds) |
11M | 0 |
| Jun 16, 2021 |
S-1/A filing: This S-1/A filing describes an offering of 4,500,000 shares of common stock at an assumed price of $9.00 per share, along with information about warrants and options outstanding, and the intended use of proceeds for general corporate purposes. |
11M | 52M |
| May 24, 2021 |
S-1 filing: This is an S-1 filing for a common stock offering, with the intention to list on the NYSE American under a specified symbol, and includes details on outstanding warrants and stock options. |
110M | 15M |
| May 13, 2021 |
10-Q filing | 66.0M shares outstanding |
66M | 0 |
| Mar 30, 2021 |
10-K filing | 65.9M shares outstanding |
66M | 0 |
| Feb 16, 2021 |
S-1/A filing: This is an S-1/A filing for Better Choice Company Inc., which includes information on expenses of issuance and distribution, indemnification of directors and officers, and market information for the company's common stock. |
54M | 0 |
| Nov 16, 2020 |
10-Q filing | 49.1M shares outstanding |
49M | 0 |
| Oct 02, 2020 |
8-K filing: Better Choice Company Inc. consummated an approximately $17.8 million insider-led equity financing through a private placement of units consisting of Series F Convertible Preferred Stock and warrants, and an exchange transaction with Cavalry Fund LP for Series E Preferred Stock. ($14.3M proceeds) |
48M | 960K |
| Aug 14, 2020 |
10-Q filing | 48.0M shares outstanding |
48M | 960K |
| Jul 21, 2020 |
8-K filing: Better Choice Company Inc. entered into a $7,500,000 revolving line of credit with Citizens Business Bank and issued warrants to purchase up to 500,000 shares of common stock to members of the board of directors in consideration of their guarantees. |
49M | 0 |
| Jul 15, 2020 |
POS AM filing: This is a POS AM filing for Better Choice Company Inc. The filing discusses expenses related to the issuance and distribution of securities, indemnification of directors and officers, and information about the market for the company's common stock. |
49M | 0 |
| Jul 09, 2020 |
S-1/A filing: This is an S-1/A amendment filing to register additional common stock for offering, with the prospectus unchanged and exhibits only filing to file Exhibits 5.1 and 23.4. |
49M | 67M |
| Jun 25, 2020 |
10-Q filing | 48.9M shares outstanding |
49M | 0 |
| Jun 04, 2020 |
8-K filing: Better Choice Company Inc. entered into a termination agreement with Bruce Linton, terminating the Independent Contractor Agreement. The Tranche 2 and Tranche 3 Warrants issued to Mr. Linton were terminated, and the Tranche 1 Warrants were amended to reduce the number of Common Stock purchasable from 1,250,000 to 1,041,666 shares. |
49M | 0 |
| May 04, 2020 |
10-K filing | 48.9M shares outstanding |
49M | 0 |
| Jan 31, 2020 |
10-Q filing | 48.0M shares outstanding |
48M | 0 |