TELA Bio, Inc. (TELA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 78.64% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
45M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

TELA currently has 44.8M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 78.64% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 44.8M shares outstanding

45M 0
Mar 25, 2026

10-K filing | 46.9M shares outstanding

47M 0
Dec 12, 2025

S-3 filing: This S-3 filing from 2025-12-12 registers up to 2,000,000 shares of common stock for resale by a selling stockholder, issuable upon exercise of a warrant related to a credit agreement.

40M 0
Nov 14, 2025

10-Q filing | 40.3M shares outstanding

40M 0
Nov 14, 2025

8-K filing: TELA Bio, Inc. entered into a credit agreement for a $70.0 million term loan facility and a registered direct offering of common stock and pre-funded warrants, with expected net proceeds of approximately $11.9 million. ($13.01M proceeds)

40M 0
May 08, 2025

10-Q filing | 39.6M shares outstanding

40M 0
Mar 21, 2025

10-K filing | 39.6M shares outstanding

40M 0
Nov 08, 2024

10-Q filing | 24.7M shares outstanding

25M 0
Oct 23, 2024

8-K filing: TELA Bio, Inc. entered into an underwriting agreement relating to the issuance and sale of 12,000,000 shares of common stock at $2.25 per share and pre-funded warrants to purchase up to 5,800,000 shares of common stock at $2.2499 per warrant, with an option for the underwriters to purchase up to an additional 2,670,000 shares. ($27.0M proceeds)

25M 0
Aug 13, 2024

10-Q filing | 24.7M shares outstanding

25M 0
May 10, 2024

10-Q filing | 24.6M shares outstanding

25M 0
Mar 22, 2024

10-K filing | 22.9M shares outstanding

23M 710K
Nov 13, 2023

S-3 filing: The company may offer and sell up to $150,000,000 in the aggregate of any combination of common stock, preferred stock, debt securities, warrants, units, and subscription rights from time to time in one or more offerings, and also offers common stock through an at-the-market offering.

24M 0
Nov 13, 2023

10-Q filing | 24.5M shares outstanding

24M 0
Aug 10, 2023

10-Q filing | 23.2M shares outstanding

23M 0
May 11, 2023

10-Q filing | 19.2M shares outstanding

19M 0
Apr 20, 2023

8-K filing: TELA Bio, Inc. entered into an underwriting agreement to issue and sell 4,750,000 shares of common stock at $9.50 per share in an offering expected to close on April 21, 2023. ($45.13M proceeds)

19M 0
Mar 23, 2023

10-K filing | 19.2M shares outstanding

19M 0
Nov 10, 2022

10-Q filing | 19.2M shares outstanding

19M 0
Aug 17, 2022

8-K filing: TELA Bio, Inc. completed an offering of 4,000,000 shares of common stock at $8.00 per share, with an additional 600,000 shares sold through the underwriter's option, resulting in net proceeds of approximately $34.2 million for working capital and general corporate purposes. ($36.8M proceeds)

15M 300K
Aug 11, 2022

10-Q filing | 14.6M shares outstanding

15M 3.1M
May 11, 2022

10-Q filing | 14.5M shares outstanding

15M 3.2M
Mar 23, 2022

10-K filing | 14.5M shares outstanding

14M 3.2M
Nov 12, 2021

10-Q filing | 14.5M shares outstanding

15M 3.2M
Aug 12, 2021

10-Q filing | 14.5M shares outstanding

14M 3.2M
May 14, 2021

10-Q filing | 14.4M shares outstanding

14M 3.3M
Mar 25, 2021

10-K filing | 14.4M shares outstanding

14M 3.3M
Dec 18, 2020

S-3 filing: The company may offer and sell up to $150,000,000 in various securities, including common stock, preferred stock, debt securities, warrants, units, and subscription rights, from time to time. The company also is offering common stock via an at-the-market offering for up to $50,000,000 through Piper Sandler.

14M 3.3M
Nov 12, 2020

10-Q filing | 14.4M shares outstanding

14M 430K
Aug 13, 2020

10-Q filing | 14.4M shares outstanding

14M 440K
Jun 30, 2020

8-K filing: TELA Bio, Inc. closed its underwritten public offering of 3,000,000 shares of common stock at $16.00 per share, resulting in $48.0 million of gross proceeds. ($48.0M proceeds)

11M 3.5M
Jun 23, 2020

S-1 filing: TELA Bio, Inc. is offering 3,000,000 shares of its common stock in a public offering, with an option for the underwriters to purchase an additional 450,000 shares.

11M 3.5M
May 15, 2020

10-Q filing | 11.4M shares outstanding

11M 0
Mar 30, 2020

10-K filing | 11.4M shares outstanding

11M 0
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