Surrozen, Inc./DE (SRZN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 242.26% of current shares
Recent Dilution: 197.62% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
12M
Potential Supply
28M
Additional shares possible
Splits
None
Past 2 years

Summary

SRZN currently has 11.6M outstanding shares. with significant dilution risk as 28.1M authorized shares could dilute existing holders by 242.3%. The company has significantly diluted shareholders by 197.62% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 11.6M shares outstanding

12M 28M
Mar 23, 2026

S-3 filing: The filing is an S-3 registration statement for a potential offering of common stock with an aggregate offering price of up to $50,000,000 through an at-the-market offering.

9.8M 28M
Nov 07, 2025

10-Q filing | 8.6M shares outstanding

8.6M 26M
Aug 08, 2025

10-Q filing | 8.6M shares outstanding

8.6M 26M
May 20, 2025

S-3 filing: The company may offer and sell any combination of common stock, preferred stock, debt securities, or warrants, either individually or in combination, up to a total amount of $150,000,000.

8.6M 26M
May 09, 2025

10-Q filing | 8.6M shares outstanding

8.6M 26M
Apr 23, 2025

S-3 filing: This S-3 filing registers the resale of common stock, shares issuable upon exercise of pre-funded warrants, and shares issuable upon exercise of Series E common stock warrants by selling stockholders.

3.3M 26M
Mar 31, 2025

10-K filing | 3.3M shares outstanding

3.3M 16M
Mar 28, 2025

8-K filing: Surrozen, Inc. completed the first tranche of a private placement on March 26, 2025, issuing 5,213,415 shares, pre-funded warrants to purchase 1,373,000 shares, and warrants to purchase 3,293,207 shares at $11.60 per share unit and $11.5999 per pre-funded warrant unit for gross proceeds of approximately $76.4 million. ($152.8M proceeds)

3.2M 16M
Nov 06, 2024

10-Q filing | 3.2M shares outstanding

3.2M 16M
Aug 12, 2024

10-Q filing | 3.2M shares outstanding

3.2M 16M
May 08, 2024

10-Q filing | 3.2M shares outstanding

3.2M 16M
Apr 18, 2024

S-3 filing: This S-3 filing registers the resale of common stock, pre-funded warrants, Series A common stock warrants, Series B common stock warrants, Series C common stock warrants and Series D common stock warrants by selling stockholders.

3.2M 16M
Apr 10, 2024

10-K filing | 3.2M shares outstanding

3.2M 4M
Apr 02, 2024

8-K filing: Surrozen, Inc. entered into a Securities Purchase Agreement to issue and sell shares of common stock, pre-funded warrants, and warrants to institutional investors and management in a private placement for gross proceeds of approximately $17.5 million. ($17.03M proceeds)

2M 4M
Dec 13, 2023
Stock Split

8-K filing: Stock split 1-for-15 | Outstanding: 30,497,000 → 2,033,133

2M 270K
Nov 08, 2023

10-Q filing | 30.5M shares outstanding

30M 60M
Aug 09, 2023

10-Q filing | 30.1M shares outstanding

30M 60M
May 10, 2023

10-Q filing | 30.1M shares outstanding

30M 60M
Mar 31, 2023

10-K filing | 30.1M shares outstanding

30M 60M
Mar 31, 2023

POS AM filing: This is a POS AM filing for up to 31,612,348 shares of common stock (including shares issuable upon exercise of warrants) and up to 4,151,323 warrants to purchase common stock.

35M 60M
Mar 31, 2023

POS AM filing: This POS AM filing registers for resale 7,003,383 shares of common stock and describes an equity line of up to $50 million under a purchase agreement with Lincoln Park Capital Fund.

30M 60M
Dec 15, 2022

8-K filing: Surrozen, Inc. repurchased 5,382,499 shares of common stock and warrants to purchase 1,310,496 shares of common stock from Consonance Entities for $2.7 million on December 15, 2022. The repurchased shares will be returned to authorized and unissued status and the warrants will be cancelled. ($5.4M proceeds)

35M 60M
Dec 09, 2022

S-3 filing: The company is offering shares of its common stock through an at-the-market offering, with an aggregate offering price of up to $23,000,000, to be sold through Guggenheim Securities, LLC.

35M 60M
Nov 14, 2022

10-Q filing | 35.1M shares outstanding

35M 11M
Aug 11, 2022

10-Q filing | 35.1M shares outstanding

35M 11M
May 11, 2022

10-Q filing | 35.1M shares outstanding

35M 11M
Mar 29, 2022

POS AM filing: This POS AM filing from 2022-03-29 relates to the issuance of up to 31,612,349 shares of common stock and 4,151,324 warrants.

35M 11M
Mar 28, 2022

10-K filing | 35.1M shares outstanding

35M 54M
Feb 24, 2022

8-K filing: Surrozen, Inc. entered into a Purchase Agreement with Lincoln Park Capital Fund, LLC, and issued 100,000 shares of Common Stock to Lincoln Park as consideration for their commitment to purchase shares under the agreement, with the potential to sell up to $50,000,000 of newly issued shares.

35M 54M
Nov 15, 2021

10-Q filing | 35.0M shares outstanding

35M 54M
Nov 08, 2021

S-1/A filing: This S-1/A filing relates to the issuance of up to 7,217,991 shares of common stock upon exercise of warrants and the offer and sale of up to 31,612,349 shares of common stock and 4,151,324 warrants by selling securityholders.

9.6M 54M
Sep 13, 2021

S-1 filing: The filing registers up to 34,277,756 shares of common stock and up to 4,151,324 warrants to purchase common stock for issuance by the company and for sale by selling securityholders.

9.6M 49M
Aug 09, 2021

10-Q filing | 9.6M shares outstanding

9.6M 11M
May 24, 2021

10-Q filing | 9.6M shares outstanding

9.6M 11M
Mar 31, 2021

10-K filing | 6.6M shares outstanding

6.6M 11M
Nov 30, 2020

8-K filing: Consonance-HFW Acquisition Corp. consummated an initial public offering of 8,000,000 units at $10.00 per Unit and a private placement with Consonance Life Sciences of 410,000 private placement units at $10.00 per Unit. ($84.1M proceeds)

2.3M 11M
Nov 25, 2020

8-K filing: Consonance-HFW Acquisition Corp. consummated its initial public offering of 8,000,000 units and a private placement with Consonance Life Sciences of 410,000 units. ($84.1M proceeds)

2.3M 11M
Nov 12, 2020

S-1/A filing: Consonance-HFW Acquisition Corp. is offering 8,000,000 units at $10.00 per unit in an initial public offering.

2.3M 11M
Nov 06, 2020

S-1/A filing: Consonance-HFW Acquisition Corp. is offering 10,000,000 units at $10.00 per unit in an initial public offering.

2.9M 13M
Oct 27, 2020

S-1/A filing: This S-1/A filing includes information about other expenses of issuance and distribution, indemnification of directors and officers, recent sales of unregistered securities, and exhibits.

2.9M 4.3M
Oct 26, 2020

S-1/A filing: Consonance-HFW Acquisition Corp. is conducting an initial public offering of units, each consisting of one Class A ordinary share and one-third of one redeemable warrant, with an offering price of $10.00 per unit, and plans a private placement of Class A ordinary shares to the sponsor concurrent with the business combination.

2.9M 13M
Oct 13, 2020

S-1/A filing: This S-1/A filing describes a proposed public offering, including founder shares, private placement units, and public shares. It defines key terms related to the business combination and the offering.

2.9M 450K
Oct 09, 2020

S-1 filing: Consonance-HFW Acquisition Corp. is conducting an initial public offering of units, with each unit consisting of one Class A ordinary share and one-third of one redeemable warrant, at a price of $10.00 per unit, for a total offering of $100,000,000.

2.9M 13M
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