TNL Mediagene (TNMG) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: May 30, 2025

Risk Assessment Details

Potential Dilution: 16.12% of current shares

Recent Dilution: 8.34% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

28M

Potential Supply

4.6M

Additional shares possible

Splits

None

Past 2 years

Summary

TNMG currently has 28.3M outstanding shares. with limited dilution risk as only 4.56M additional shares (16.1%) are authorized for issuance. The company has minimally diluted shareholders by 8.34% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
May 30, 2025	F-1 filing: This F-1 filing registers the resale of up to 4,558,677 TNL Mediagene Ordinary Shares by selling securityholders, including shares that may be issued pursuant to the Initial Note by 3i and as Green Quest Consideration Shares by the Green Quest Shareholders.	28M	4.6M
May 13, 2025	POS AM filing: This POS AM filing from TNL Mediagene details the offering of ordinary shares upon exercise of warrants and resale of ordinary shares and warrants by selling securityholders.	28M	0
Apr 30, 2025	20-F filing \| 26.1M shares outstanding	26M	15M
Jan 22, 2025	F-1 filing: This F-1 filing details an offering for the resale of TNL Mediagene Ordinary Shares issuable upon the exercise of TNL Mediagene Warrants with an exercise price of $11.50 per share, for general corporate purposes.	26M	15M

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