U.S. GOLD CORP. (USAU) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
USAU currently has 15.3M outstanding shares. with significant dilution risk as 14.3M authorized shares could dilute existing holders by 93.6%. The company has significantly diluted shareholders by 43.13% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Mar 16, 2026 |
10-Q filing | 15.3M shares outstanding |
15M | 14M |
| Dec 23, 2025 |
8-K filing: U.S. Gold Corp. completed a private placement of 1,922,159 shares of common stock at $16.25 per share and agreed to issue warrants to purchase up to 961,077 shares of common stock. ($31.24M proceeds) |
14M | 15M |
| Dec 10, 2025 |
10-Q filing | 14.3M shares outstanding |
14M | 15M |
| Sep 15, 2025 |
10-Q filing | 13.9M shares outstanding |
14M | 16M |
| Jul 29, 2025 |
10-K filing | 14.0M shares outstanding |
14M | 16M |
| May 09, 2025 |
8-K filing: The company reports that 1,864,668 warrants have been exercised since January 31, 2025, generating gross proceeds of approximately $7.3 million, reducing the remaining warrant balance to 2,923,444. ($7.3M proceeds) |
13M | 17M |
| May 02, 2025 |
S-3 filing: U.S. Gold Corp. may offer and sell, from time to time, any combination of common stock and preferred stock up to an aggregate amount of $150,000,000. |
13M | 17M |
| Mar 17, 2025 |
10-Q filing | 11.8M shares outstanding |
12M | 15M |
| Dec 16, 2024 |
10-Q filing | 12.3M shares outstanding |
12M | 15M |
| Dec 04, 2024 |
8-K filing: U.S. Gold Corp. entered into a Securities Purchase Agreement for a registered direct offering of 1,457,700 shares of common stock at $7.00 per share and warrants to purchase 728,850 shares at $9.50 per share, with expected gross proceeds of $10.2 million and an anticipated closing date of December 6, 2024. ($10.2M proceeds) |
12M | 15M |
| Oct 07, 2024 |
S-1 filing: The filing is for the offer and resale of up to 1,400,000 shares of common stock issuable upon the exercise of warrants issued to selling stockholders. |
11M | 16M |
| Sep 16, 2024 |
10-Q filing | 10.7M shares outstanding |
11M | 15M |
| Jul 29, 2024 |
10-K filing | 10.7M shares outstanding |
11M | 15M |
| Apr 19, 2024 |
8-K filing: U.S. Gold Corp. entered into a Securities Purchase Agreement for a registered direct offering of 1,400,000 shares of common stock at $3.50 per share, and a concurrent private placement of warrants to purchase up to 1,400,000 shares of common stock at an exercise price of $4.48, with the transactions expected to close on April 19, 2024. ($4.9M proceeds) |
11M | 15M |
| Mar 18, 2024 |
10-Q filing | 9.3M shares outstanding |
9.3M | 16M |
| Dec 15, 2023 |
10-Q filing | 9.3M shares outstanding |
9.3M | 16M |
| Sep 14, 2023 |
10-Q filing | 9.3M shares outstanding |
9.3M | 16M |
| Jul 31, 2023 |
10-K filing | 8.4M shares outstanding |
8.4M | 17M |
| Apr 10, 2023 |
8-K filing: U.S. Gold Corp. completed a registered direct offering of 870,000 shares of common stock at $5.75 per share, and amended existing warrants to purchase 625,000 shares, reducing the exercise price to $6.16 per share. ($5.0M proceeds) |
8.4M | 17M |
| Mar 17, 2023 |
10-Q filing | 8.4M shares outstanding |
8.4M | 17M |
| Dec 15, 2022 |
10-Q filing | 8.3M shares outstanding |
8.3M | 17M |
| Sep 14, 2022 |
10-Q filing | 8.3M shares outstanding |
8.3M | 17M |
| Aug 15, 2022 |
10-K filing | 8.3M shares outstanding |
8.3M | 17M |
| May 05, 2022 |
S-3/A filing: U.S. Gold Corp. files an S-3/A form to offer and sell up to $100,000,000 in common stock and preferred stock. |
7.5M | 18M |
| Mar 21, 2022 |
8-K filing: U.S. Gold Corp. entered into a securities purchase agreement for a registered direct offering of 625,000 shares of common stock at $8.00 per share, with warrants to purchase 625,000 shares at $8.60 per share, closing on March 18, 2022, and generating approximately $5.0 million in gross proceeds. ($5.0M proceeds) |
7.5M | 0 |
| Mar 17, 2022 |
10-Q filing | 7.5M shares outstanding |
7.5M | 0 |
| Feb 18, 2022 |
8-K filing: U.S. Gold Corp. completed a registered direct offering of 384,741 shares of common stock at $6.50 per share and warrants to purchase 192,370 shares, resulting in gross proceeds of approximately $2.5 million. ($2.5M proceeds) |
7.1M | 290K |
| Jan 28, 2022 |
S-3 filing: U.S. Gold Corp. files an S-3 form for a shelf offering of up to $100,000,000 of common stock and preferred stock. |
7.1M | 290K |
| Dec 14, 2021 |
10-Q filing | 7.1M shares outstanding |
7.1M | 290K |
| Sep 14, 2021 |
10-Q filing | 7.1M shares outstanding |
7.1M | 300K |
| Jul 29, 2021 |
10-K filing | 7.1M shares outstanding |
7.1M | 320K |
| Mar 17, 2021 |
10-Q filing | 5.9M shares outstanding |
5.9M | 1.5M |
| Feb 16, 2021 |
S-1 filing: The filing relates to the potential resale of common stock by selling stockholders. |
3.7M | 3.7M |
| Feb 16, 2021 |
S-3 filing: U.S. Gold Corp. files an S-3 form to register the offering of common stock, preferred stock, warrants and/or units up to an aggregate amount of $50,000,000. |
3.7M | 3.7M |
| Feb 01, 2021 |
8-K filing: U.S. Gold Corp. completed a registered direct offering of 914,136 shares of common stock and issued warrants to purchase up to 457,068 shares of common stock at an exercise price of $14.50 per share, along with warrants to purchase 46,490 shares of common stock to Palladium Capital Group, LLC as an advisory fee. |
3.7M | 0 |
| Jan 28, 2021 |
8-K filing: U.S. Gold Corp. entered into a securities purchase agreement to issue and sell 914,136 shares of common stock at $10.54 per share in a registered direct offering, with gross proceeds of approximately $9.6 million, and agreed to issue common warrants to purchase up to 457,068 shares of common stock in a concurrent private placement. ($9.6M proceeds) |
3.7M | 0 |
| Dec 14, 2020 |
10-Q filing | 3.7M shares outstanding |
3.7M | 0 |
| Sep 11, 2020 |
10-Q filing | 2.9M shares outstanding |
2.9M | 0 |
| Aug 13, 2020 |
8-K filing: U.S. Gold Corp. entered into a Merger Agreement with Northern Panther Resources Corporation, resulting in the issuance of 581,053 shares of the Company's common stock and 106,894 shares of Series H Convertible Preferred Stock to Northern Panther stockholders. |
2M | 380K |
| Jul 13, 2020 |
10-K filing | 2.0M shares outstanding |
2M | 380K |
| Jun 12, 2020 |
S-1 filing: This S-1 filing describes the offering of up to 382,423 shares of common stock by selling stockholders, comprised of shares issuable upon exercise of warrants and shares issued pursuant to an advisory agreement. The company will not receive any proceeds from the sale of these shares but may receive proceeds from the exercise of the warrants. |
2.9M | 0 |
| Jun 09, 2020 |
S-3 filing: U.S. Gold Corp. files an S-3 to offer and sell common and preferred stock up to an aggregate amount of $20,000,000. |
2.9M | 0 |
| Mar 31, 2020 |
8-K filing: U.S. Gold Corp. completed a registered direct offering, selling 357,142 shares of common stock at $5.60 per share, generating gross proceeds of approximately $2.0 million, and in a concurrent private placement, the company agreed to issue to the Purchasers, for each share of Common Stock purchased in the Offering, a common warrant to purchase one share of Common Stock. ($2.0M proceeds) |
2M | 0 |
| Mar 30, 2020 |
8-K filing: U.S. Gold Corp. entered into a securities purchase agreement to issue and sell 357,143 shares of common stock at $5.60 per share in a registered direct offering, and agreed to issue common warrants in a concurrent private placement. ($2.0M proceeds) |
2M | 0 |
| Mar 19, 2020 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 19,860,625 → 1,986,062 |
2M | 0 |
| Mar 12, 2020 |
10-Q filing | 19.9M shares outstanding |
20M | 0 |