Translational Development Acquisition Corp. (TDAC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 30, 2026

Risk Assessment Details

Potential Dilution: 228.41% of current shares
Recent Dilution: 270.37% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
17M
Potential Supply
39M
Additional shares possible
Splits
None
Past 2 years

Summary

TDAC currently has 17.3M outstanding shares. with significant dilution risk as 39.4M authorized shares could dilute existing holders by 228.4%. The company has significantly diluted shareholders by 270.37% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 30, 2026

10-K filing | 17.3M shares outstanding

17M 39M
Nov 14, 2025

10-Q filing | 17.3M shares outstanding

17M 39M
May 15, 2025

10-Q filing | 17.3M shares outstanding

17M 39M
Mar 31, 2025

10-K filing | 4.7M shares outstanding

4.7M 39M
Dec 27, 2024

8-K filing: Translational Development Acquisition Corp. consummated its initial public offering of 17,250,000 units at $10.00 per unit, generating gross proceeds of $172,500,000, and completed the private placement of 7,075,000 warrants to the Sponsor and the Underwriter at $1.00 per warrant, for gross proceeds of $7,075,000. ($179.58M proceeds)

4.7M 39M
Dec 19, 2024

S-1/A filing: Initial public offering of units by Translational Development Acquisition Corp., a blank check company, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, along with a concurrent private placement of warrants.

4.7M 39M
Nov 20, 2024

S-1/A filing: Translational Development Acquisition Corp. is offering 15,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, in an initial public offering.

4.7M 39M
Oct 22, 2024

S-1 filing: Translational Development Acquisition Corp. is offering 15,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, along with private placement warrants to be purchased by the sponsor and BTIG, LLC.

4.7M 39M
Aug 26, 2022

S-1 filing: Translational Development Acquisition Corp. is offering 15,000,000 units at $10.00 per unit for a total of $150,000,000 in an initial public offering. Each unit consists of one ordinary share and one-half of one redeemable warrant.

N/A 18M
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