VSEE HEALTH, INC. (VSEE) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
VSEE currently has 47.9M outstanding shares. with significant dilution risk as 104M authorized shares could dilute existing holders by 216.8%. The company has significantly diluted shareholders by 157.01% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 15, 2026 |
10-Q filing | 47.9M shares outstanding |
48M | 100M |
| Mar 31, 2026 |
10-K filing | 47.3M shares outstanding |
47M | 100M |
| Dec 29, 2025 |
S-1 filing: This S-1 filing registers for resale up to 33,808,195 shares of common stock held by selling stockholders, including shares issuable upon conversion of Series B Preferred Stock and exercise of warrants. |
33M | 100M |
| Nov 26, 2025 |
8-K filing: VSee Health, Inc. entered into a securities purchase agreement to sell 9,836,065 shares of common stock (or pre-funded warrants in lieu thereof) and accompanying warrants for gross proceeds of approximately $6 million in a private placement. ($6.0M proceeds) |
31M | 70M |
| Nov 17, 2025 |
8-K filing: VSee Health, Inc. entered into an exchange agreement with an accredited institutional investor to exchange a promissory note for 941,352 shares of common stock and also entered into a $25,000,000 Equity Line of Credit arrangement with another accredited institutional investor. |
31M | 70M |
| Nov 14, 2025 |
10-Q filing | 31.3M shares outstanding |
31M | 70M |
| Oct 29, 2025 |
8-K filing: VSee Health, Inc. entered into a warrant exchange agreement with an accredited institutional investor, where the investor agreed to exercise approximately 130,000 outstanding warrants and exchange an additional 2,250,000 outstanding warrants for 2,175,000 shares of common stock of the Company. |
16M | 70M |
| Oct 15, 2025 |
10-Q filing | 16.4M shares outstanding |
16M | 70M |
| Oct 15, 2025 |
10-Q filing | 16.3M shares outstanding |
16M | 70M |
| Mar 21, 2025 |
8-K filing: VSee Health, Inc. issued a senior secured note and 100,000 shares of common stock to an investor, and also issued a secured note and 25,000 shares of common stock to a second investor. |
16M | 70M |
| Nov 19, 2024 |
S-1/A filing: This S-1/A filing registers for resale up to 4,495,119 shares of the Company's Common Stock consisting of shares issuable upon conversion of the Quantum Note, the Ascent Note, shares issuable pursuant to the Ascent Warrants and shares issued to Tidewater and SCS pursuant to respective agreements. |
16M | 70M |
| Nov 14, 2024 |
10-Q filing | 15.1M shares outstanding |
15M | 70M |
| Nov 12, 2024 |
S-1 filing: This S-1 filing registers for resale up to 4,495,119 shares of common stock by selling stockholders, including shares issuable upon conversion of convertible notes and warrants, as well as shares already issued under prior agreements. |
16M | 70M |
| Oct 15, 2024 |
S-1/A filing: The company will transfer Advance Shares to the Investor, and the Investor will pay the aggregate purchase price in cash. |
15M | 66M |
| Oct 11, 2024 |
S-1/A filing: VSee Health, Inc. is offering up to 36,550,000 shares of its Common Stock, including shares issuable upon exercise of Public Warrants and shares that may be sold to Dominion pursuant to an Equity Purchase Agreement, as well as shares upon conversion of an Equity Purchase Note. |
15M | 66M |
| Oct 01, 2024 |
8-K filing: VSee Health, Inc. entered into a securities purchase agreement for the issuance of senior secured convertible notes, warrants to purchase common stock, and commitment shares. |
15M | 24M |
| Sep 23, 2024 |
10-Q filing | 15.3M shares outstanding |
15M | 24M |
| Aug 07, 2024 |
S-1 filing: VSee Health, Inc. is offering up to 36,550,000 shares of its Common Stock, consisting of shares issuable upon exercise of Public Warrants, shares that may be sold to Dominion Capital LLC under an Equity Purchase Agreement, and shares upon conversion of an Equity Purchase Note issued to Dominion. |
15M | 24M |
| Jul 17, 2024 |
S-1 filing: This S-1 filing describes the offering of up to 2,310,545 shares of the Company's Common Stock, including shares issuable pursuant to Bridge Warrants, Commitment Shares, shares issued to the Selling Stockholder, and shares issuable upon conversion of Additional Bridge Notes and Exchange Note. |
15M | 12M |
| May 15, 2024 |
10-Q filing | 3.6M shares outstanding |
3.6M | 10M |
| Apr 12, 2024 |
10-K filing | 3.5M shares outstanding |
3.5M | 10M |
| Nov 20, 2023 |
10-Q filing | 3.5M shares outstanding |
3.5M | 10M |
| Nov 13, 2023 |
8-K filing: Digital Health Acquisition Corp. amended its certificate of incorporation to extend the date to consummate a business combination up to November 8, 2024, and permit stockholders to act by written consent. 579,157 shares of Common Stock were tendered for redemption. The company extended the period of time it has to consummate its business combination by three months from November 8, 2023 to February 8, 2024. |
3.5M | 10M |
| Aug 21, 2023 |
10-Q filing | 3.5M shares outstanding |
3.5M | 10M |
| May 15, 2023 |
10-Q filing | 3.5M shares outstanding |
3.5M | 10M |
| Apr 12, 2023 |
10-K filing | 3.4M shares outstanding |
3.4M | 10M |
| Nov 10, 2022 |
10-Q filing | 3.4M shares outstanding |
3.4M | 10M |
| Nov 03, 2022 |
8-K filing: Digital Health Acquisition Corp. amended its Business Combination Agreement to remove a condition precedent regarding minimum cash proceeds and the company will issue 4,370 shares of Series B Convertible Preferred Stock to A.G.P./Alliance Global Partners at $1,000 per share in satisfaction of a $4,370,000 deferred underwriting fee upon the closing of the Business Combination Agreement. ($4.37M proceeds) |
3.4M | 10M |
| Oct 26, 2022 |
8-K filing: The stockholders of the Company approved an amendment to the Company's Amended and Restated Certificate of Incorporation to extend the date by which the Company has to consummate a business combination for an additional three months, provide the Company's board of directors the ability to further extend the date, and allow for the Company to provide redemption rights to the Company's public stockholders. |
3.4M | 10M |
| Oct 07, 2022 |
8-K filing: Digital Health Acquisition Corp. entered into a Second Amended and Restated Business Combination Agreement and related agreements, including a First Amended and Restated PIPE Securities Purchase Agreement, involving the issuance of convertible preferred stock and warrants for aggregate proceeds of at least $8,000,000, along with a bridge financing agreement issuing convertible notes and warrants. |
3.4M | 10M |
| Aug 15, 2022 |
10-Q filing | 3.4M shares outstanding |
3.4M | 10M |
| May 16, 2022 |
10-Q filing | 3.4M shares outstanding |
3.4M | 10M |
| Nov 15, 2021 |
8-K filing: Digital Health Acquisition Corp. consummated its initial public offering of 11,500,000 units at $10.00 per unit, generating gross proceeds of $115,000,000, and simultaneously consummated a private placement with the Sponsor of 557,000 units at $10.00 per unit, generating total gross proceeds of $5,570,000. ($241.14M proceeds) |
2.9M | 10M |
| Nov 08, 2021 |
8-K filing: Digital Health Acquisition Corp. consummated its initial public offering of 11,500,000 units at $10.00 per unit, generating gross proceeds of $115,000,000, and simultaneously consummated a private placement with the Sponsor of 557,000 units at $10.00 per unit, generating gross proceeds of $5,570,000. ($120.57M proceeds) |
2.9M | 10M |
| Oct 28, 2021 |
S-1/A filing: Digital Health Acquisition Corp. is offering 10,000,000 units at $10.00 per unit in an initial public offering. |
2.9M | 10M |
| Oct 14, 2021 |
S-1 filing: Digital Health Acquisition Corp. is offering 15,000,000 units at $10.00 per unit in an initial public offering. Each unit consists of one share of common stock and one warrant to purchase one-half of a share of common stock at a price of $11.50 per whole share. |
4.3M | 15M |