Turning Point Brands, Inc. (TPB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 209.13% of current shares
Recent Dilution: 9.98% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
19M
Potential Supply
41M
Additional shares possible
Splits
None
Past 2 years

Summary

TPB currently has 19.5M outstanding shares. with significant dilution risk as 40.7M authorized shares could dilute existing holders by 209.1%. The company has minimally diluted shareholders by 9.98% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 19.5M shares outstanding

19M 41M
Nov 05, 2025

10-Q filing | 18.7M shares outstanding

19M 41M
Aug 11, 2025

10-Q filing | 17.9M shares outstanding

18M 42M
May 07, 2025

10-Q filing | 17.8M shares outstanding

18M 42M
Mar 06, 2025

10-K filing | 17.7M shares outstanding

18M 42M
Jan 06, 2025

8-K filing: Turning Point Brands, Inc. contributed 100% of its interest in South Beach Brands LLC to General Wireless Operations, Inc. in exchange for 1,006.45 shares of GWO common stock and 680 shares of GWO Series B Preferred Stock, representing 49% of the issued and outstanding GWO common stock on a fully-diluted basis.

18M 42M
Nov 07, 2024

10-Q filing | 17.7M shares outstanding

18M 42M
Aug 01, 2024

10-Q filing | 17.7M shares outstanding

18M 43M
May 02, 2024

10-Q filing | 17.7M shares outstanding

18M 43M
Feb 28, 2024

10-K filing | 17.6M shares outstanding

18M 43M
Nov 08, 2023

10-Q filing | 17.6M shares outstanding

18M 43M
Oct 02, 2023

S-3 filing: Turning Point Brands, Inc. files an S-3 form to offer and sell up to $500,000,000 of various securities, including common stock, preferred stock, depositary shares and debt securities.

18M 43M
Aug 07, 2023

S-3 filing: Turning Point Brands, Inc. is filing an S-3 to offer and sell up to $500,000,000 of common stock, preferred stock, depositary shares, warrants, units and debt securities.

18M 21M
Aug 02, 2023

10-Q filing | 17.6M shares outstanding

18M 0
May 04, 2023

10-Q filing | 17.5M shares outstanding

18M 0
Mar 15, 2023

10-K filing | 17.9M shares outstanding

18M 0
Oct 26, 2022

10-Q filing | 17.7M shares outstanding

18M 0
Jul 27, 2022

10-Q filing | 18.1M shares outstanding

18M 0
Apr 27, 2022

10-Q filing | 18.3M shares outstanding

18M 0
Mar 11, 2022

10-K filing | 18.9M shares outstanding

19M 0
Oct 26, 2021

10-Q filing | 18.9M shares outstanding

19M 0
Jul 27, 2021

10-Q filing | 19.0M shares outstanding

19M 0
May 05, 2021

10-Q filing | 19.1M shares outstanding

19M 0
Feb 19, 2021

10-K filing | 19.4M shares outstanding

19M 0
Feb 18, 2021

8-K filing: Turning Point Brands, Inc. entered into an Underwriting Agreement with Selling Stockholders and Barclays Capital Inc., for the sale of 2,000,000 shares of the Company's common stock at $56.00 per share, which closed on February 18, 2021, with the Underwriter not exercising its option to purchase additional shares and the Company receiving none of the proceeds.

19M 0
Oct 27, 2020

10-Q filing | 19.2M shares outstanding

19M 13M
Aug 03, 2020

S-3 filing: Turning Point Brands, Inc. files an S-3 to offer common stock, preferred stock, depositary shares, warrants and units for a total aggregate initial offering price of $200,000,000. The selling stockholder may also offer up to 6,442,280 shares of common stock.

20M 13M
Jul 28, 2020

10-Q filing | 19.5M shares outstanding

20M 0
Jul 13, 2020

8-K filing: Standard General Master Fund L.P., Standard General Master Fund II L.P., Standard General Focus Fund L.P., Standard Diversified Inc. sold 2,000,000 shares of Turning Point Brands, Inc.'s common stock at $23.50 per share, and an additional 215,000 shares were sold upon the underwriter's option exercise. The offering closed on June 13, 2020.

20M 0
Apr 28, 2020

10-Q filing | 19.6M shares outstanding

20M 0
Mar 12, 2020

10-K filing | 19.6M shares outstanding

20M 0
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