SRx Health Solutions, Inc. (SRXH) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 357.08% of current shares
Recent Dilution: 1539.64% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
590M
Potential Supply
2.1B
Additional shares possible
Splits
None
Past 2 years

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

Outstanding Shares
Total Supply

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
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