THUMZUP MEDIA Corp (TZUP) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 30.76% of current shares
Recent Dilution: 230.61% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
39M
Potential Supply
12M
Additional shares possible
Splits
None
Past 2 years

Summary

TZUP currently has 38.9M outstanding shares. with moderate dilution risk from 12M authorized shares representing 30.8% potential dilution. The company has significantly diluted shareholders by 230.61% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 38.9M shares outstanding

39M 12M
Mar 31, 2026

8-K filing: Datacentrex, Inc. completed a public offering of common stock and pre-funded warrants, resulting in gross proceeds of approximately $20.2 million. ($20.12M proceeds)

17M 12M
Nov 14, 2025

10-Q filing | 16.5M shares outstanding

17M 12M
Sep 25, 2025

8-K filing: The Company's Board of Directors authorized a share repurchase program, pursuant to which the Company may repurchase up to $10 million of its shares of common stock through December 31, 2026, replacing a previous program that was fully filled with the repurchase of 212,432 shares for approximately $1 million. ($1.0M proceeds)

9.7M 12M
Sep 17, 2025

8-K filing: In August 2025, Thumzup Media Corporation completed an offering of $50 million of common stock at $10.00 per share, with proceeds earmarked for cryptocurrency accumulation and DOGE mining rig procurement. ($50.0M proceeds)

9.7M 12M
Aug 22, 2025

8-K filing: Thumzup Media Corporation will issue 30,700,000 shares of restricted common stock to the shareholders of Dogehash Technologies, Inc. in exchange for 100% of the outstanding shares of Dogehash, making Dogehash a wholly-owned subsidiary of Thumzup Media Corporation upon closing of the Merger.

9.7M 12M
Aug 12, 2025

8-K filing: Thumzup Media Corporation completed an offering of 5,000,000 shares of common stock for gross proceeds of $50 million and entered into a financial advisory agreement to issue 750,000 shares of common stock subject to stockholder approval. ($50.0M proceeds)

9.7M 12M
Jul 09, 2025

S-3 filing: This S-3 filing relates to the resale of up to 3,250,000 shares of common stock by selling stockholders; the company will not receive proceeds from the sale.

9.7M 12M
Jul 09, 2025

S-3/A filing: This S-3/A filing relates to the resale of up to 3,250,000 shares of common stock by selling stockholders.

9.7M 12M
Jul 07, 2025

8-K filing: Thumzup Media Corporation closed a registered direct public offering on July 7, 2025, selling Series C Convertible Preferred Stock and also completed private transactions involving the sale of common stock and an option assignment. ($7.97M proceeds)

9.5M 8.7M
Jun 23, 2025

8-K filing: The company filed a Certificate of Designation for Series C Convertible Preferred Stock designating 200,000 shares, with each share having a stated value of $60.00 and voting rights on an as-converted basis; the conversion price is subject to equitable adjustment in the event of a stock split or reverse split.

9.5M 8.7M
May 20, 2025

S-3/A filing: Thumzup Media Corporation files an S-3/A to register the offering of common stock, preferred stock, warrants, units, or a combination of these securities, for an aggregate amount of up to $500,000,000.

9.5M 8.7M
May 15, 2025

10-Q filing | 9.4M shares outstanding

9.4M 100M
May 06, 2025

S-3/A filing: Thumzup Media Corporation is offering common stock, preferred stock, warrants, units, or a combination of these securities, for an aggregate amount of up to $500,000,000.

9.4M 100M
Mar 25, 2025

8-K filing: The Company repurchased an aggregate of 79,377 shares of common stock for approximately $298,207 under its share repurchase authorization between March 18 and March 21, 2025. ($0.3M proceeds)

9.4M 6M
Mar 20, 2025

8-K filing: The Company repurchased 34,377 shares of common stock for approximately $126,507 on March 18 and 19, 2025, with $873,493 remaining under its share repurchase authorization as of March 20, 2025. ($0.13M proceeds)

9.4M 6M
Mar 11, 2025

10-K filing | 9.4M shares outstanding

9.4M 6M
Nov 14, 2024

10-Q filing | 9.4M shares outstanding

9.4M 6M
Nov 01, 2024

8-K filing: Thumzup Media Corporation closed a public offering of 1,425,000 shares of common stock at $5.00 per share, resulting in gross proceeds of $7,125,000, and also issued stock options for 155,000 shares to employees and contractors. ($7.13M proceeds)

7.8M 6M
Oct 09, 2024

S-1/A filing: This S-1/A filing relates to an offering of 1,250,000 shares of common stock with an assumed public offering price between $5.00 and $7.00 per share. The company intends to list its common stock on the Nasdaq under the symbol 'TZUP'.

7.8M 6M
Aug 26, 2024

S-1/A filing: Thumzup Media Corporation is offering 1,200,000 shares of common stock with an assumed public offering price between $5.00 and $7.00 per share.

7.7M 6M
Aug 12, 2024

10-Q filing | 7.7M shares outstanding

7.7M 6M
Aug 12, 2024

S-1/A filing: This S-1/A filing outlines an offering of 1,200,000 shares of common stock with an assumed public offering price between $5.00 and $7.00 per share. The company intends to list its common stock on the Nasdaq under the symbol "TZUP".

7.7M 6M
Jul 30, 2024

S-1/A filing: S-1/A filing with a proposed maximum aggregate offering price of $503,125 for Underwriter Warrants.

7.7M 5.8M
Jul 26, 2024

S-1/A filing: Thumzup Media Corporation is offering 1,000,000 shares of common stock with an assumed public offering price between $5.00 and $7.00 per share.

7.7M 5.8M
Jul 11, 2024

S-1/A filing: This S-1/A filing is for an offering of common stock, with the intention to list on the Nasdaq under the symbol "TZUP", and the net proceeds will be used for general corporate purposes.

7.7M 4.8M
Jun 20, 2024

S-1/A filing: Thumzup Media Corporation is offering common stock and warrants, with the intention to use the net proceeds of this offering for general corporate purposes. They have applied to list their common stock on the Nasdaq under the symbol "TZUP", but this offering will not be consummated until they have received Nasdaq approval of their application.

7.7M 4.8M
May 30, 2024

S-1 filing: This S-1 filing pertains to a proposed offering of common stock by Thumzup Media Corporation, with the intention to list on the CBOE under the symbol "TZUP", and the net proceeds from the offering are intended for general corporate purposes.

7.7M 4.8M
May 14, 2024

10-Q filing | 7.7M shares outstanding

7.7M 4.8M
Mar 20, 2024

10-K filing | 7.1M shares outstanding

7.1M 4.8M
Nov 13, 2023

10-Q filing | 7.3M shares outstanding

7.3M 4.8M
Aug 21, 2023

10-Q filing | 7.1M shares outstanding

7.1M 4.8M
May 15, 2023

10-Q filing | 7.1M shares outstanding

7.1M 4.8M
Mar 31, 2023

10-K filing | 7.1M shares outstanding

7.1M 4.8M
Nov 14, 2022

10-Q filing | 6.4M shares outstanding

6.4M 4.8M
Sep 27, 2022

8-K filing: Thumzup Media Corporation sold 16,446 shares of Series A Preferred Convertible Voting Stock at $45.00 per share for gross proceeds of $740,000 and designated 1,000,000 shares of preferred stock as Series A Preferred. ($0.74M proceeds)

6.3M 4.8M
Aug 03, 2022

10-Q filing | 6.3M shares outstanding

6.3M 4.8M
May 06, 2022

10-Q filing | 6.1M shares outstanding

6.1M 4.8M
Mar 17, 2022

10-K filing | 6.1M shares outstanding

6.1M 4.8M
Oct 29, 2021

10-Q filing | 5.8M shares outstanding

5.8M 4.8M
Aug 13, 2021

10-Q filing | 5.8M shares outstanding

5.8M 4.8M
Jun 23, 2021

S-1/A filing: This S-1/A filing registers the resale of up to 2,765,438 shares of common stock by selling shareholders, including shares issuable upon conversion of promissory notes.

5.8M 4.8M
Jun 10, 2021

S-1/A filing: This S-1/A filing registers the resale of up to 2,765,438 shares of common stock by selling shareholders, including 2,010,938 shares issuable upon conversion of promissory notes and accrued interest.

5.8M 4.8M
Apr 29, 2021

S-1 filing: This S-1 filing pertains to the resale of common stock by selling shareholders, including shares issuable upon conversion of promissory notes. The company will not receive any proceeds from the sale of these shares.

5.8M 2.8M
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