Virax Biolabs Group Ltd (VRAX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: December 18, 2025

Risk Assessment Details

Potential Dilution: 11470.11% of current shares
Recent Dilution: 139.66% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
7.4M
Potential Supply
850M
Additional shares possible
Splits
None
Past 2 years

Summary

VRAX currently has 7.42M outstanding shares. with significant dilution risk as 851M authorized shares could dilute existing holders by 11470.1%. The company has significantly diluted shareholders by 139.66% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Dec 18, 2025

F-3 filing: F-3 filing for ordinary shares offered by Selling Stockholders pursuant to a prospectus.

7.4M 850M
Jul 02, 2025

20-F filing | 4.3M shares outstanding

4.3M 830M
Aug 20, 2024

20-F filing | 2.6M shares outstanding

2.6M 830M
Dec 05, 2023

F-3 filing: The filing is for a shelf offering of up to US$30,000,000 of any combination of Ordinary Shares, Preferred Shares, and Debt Securities.

15M 820M
Jun 14, 2023

20-F filing | 15.5M shares outstanding

16M 820M
Mar 22, 2023

F-1 filing: This F-1 filing registers the resale of up to 11,453,062 ordinary shares by selling shareholders, including PIPE Shares, Pre-Funded Warrant Shares, shares issuable upon exercise of Series A and B Options, and shares issuable upon exercise of placement agent warrants.

820M 17M
Nov 21, 2022

F-1 filing: This F-1 filing registers the resale of up to 5,825,000 ordinary shares by selling shareholders, consisting of PIPE Shares, Pre-Funded Warrant Shares, and Warrant Shares.

820M 5.8M
Aug 12, 2022

20-F filing | 815.7M shares outstanding

820M 0
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