Vistagen Therapeutics, Inc. (VTGN) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
VTGN currently has 35.7M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 29.24% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Nov 13, 2025 |
10-Q filing | 35.7M shares outstanding |
36M | 0 |
| Aug 07, 2025 |
10-Q filing | 31.9M shares outstanding |
32M | 0 |
| Jun 17, 2025 |
10-K filing | 30.9M shares outstanding |
31M | 0 |
| Jun 17, 2025 |
8-K filing: The company filed a prospectus supplement relating to the offer and sale of common stock with an aggregate offering price of up to $175,000,000. As of the date of the Prospectus Supplement, the Company had issued and sold 1,273,883 shares of its Common Stock pursuant to the Sales Agreement and the Prior Prospectus Supplement and accompanying base prospectus for aggregate gross sale proceeds of approximately $3,443,612. ($3.44M proceeds) |
31M | 0 |
| Feb 13, 2025 |
10-Q filing | 30.7M shares outstanding |
31M | 21M |
| Nov 07, 2024 |
10-Q filing | 27.8M shares outstanding |
28M | 24M |
| Aug 13, 2024 |
10-Q filing | 27.1M shares outstanding |
27M | 24M |
| Jun 11, 2024 |
10-K filing | 27.0M shares outstanding |
27M | 24M |
| Feb 13, 2024 |
10-Q filing | 29.4M shares outstanding |
29M | 22M |
| Feb 13, 2024 |
S-3 filing: The company may offer and sell securities from time to time in one or more offerings of up to $350,000,000 in aggregate offering price. |
27M | 24M |
| Nov 09, 2023 |
10-Q filing | 27.0M shares outstanding |
27M | 0 |
| Oct 04, 2023 |
8-K filing: Vistagen Therapeutics, Inc. closed an underwritten offering of 15,010,810 shares of common stock, pre-funded warrants to purchase 3,577,240 shares, warrants to purchase 9,294,022 shares (T1 Warrants), and warrants to purchase 11,265,086 shares (T2 Warrants) at a combined price of $5.38 per share/warrant combination, resulting in net proceeds of approximately $93.5 million. |
9.4M | 0 |
| Aug 10, 2023 |
10-Q filing | 9.4M shares outstanding |
9.4M | 0 |
| Jun 28, 2023 |
10-K filing | 7.9M shares outstanding |
7.9M | 0 |
| Jun 06, 2023 |
Stock Split
8-K filing: Stock split 1-for-30 | Outstanding: 206,838,084 → 6,887,708 |
6.9M | 0 |
| Mar 17, 2023 |
S-3/A filing: This is an S-3/A filing for a shelf offering of common stock. The filing registers 12,193,069 shares of common stock for sale by selling stockholders. A law firm partner owns 150,583 shares of the company's common stock. |
210M | 0 |
| Mar 02, 2023 |
S-3 filing: This is an S-3 filing for a shelf offering of common stock. |
210M | 0 |
| Feb 07, 2023 |
10-Q filing | 206.8M shares outstanding |
210M | 0 |
| Feb 02, 2023 |
8-K filing: Vistagen Therapeutics, Inc. completed its acquisition of Pherin Pharmaceuticals, Inc. on February 2, 2023, issuing 12,410,181 unregistered shares of Company Common Stock to Pherin stockholders and $125,800 in cash to other Pherin stockholders. |
210M | 0 |
| Dec 21, 2022 |
8-K filing: Vistagen Therapeutics, Inc. entered into an Agreement and Plan of Merger with Pherin Pharmaceuticals, Inc., acquiring Pherin through a merger of a wholly-owned subsidiary, with Vistagen issuing 12,410,181 unregistered shares of its common stock to Pherin stockholders. |
210M | 0 |
| Nov 10, 2022 |
10-Q filing | 206.8M shares outstanding |
210M | 0 |
| Aug 11, 2022 |
10-Q filing | 206.6M shares outstanding |
210M | 0 |
| Jun 23, 2022 |
10-K filing | 198.0M shares outstanding |
200M | 0 |
| Feb 10, 2022 |
10-Q filing | 206.5M shares outstanding |
210M | 0 |
| Nov 10, 2021 |
10-Q filing | 199.7M shares outstanding |
200M | 0 |
| Aug 12, 2021 |
10-Q filing | 192.9M shares outstanding |
190M | 0 |
| Jun 29, 2021 |
10-K filing | 191.4M shares outstanding |
190M | 0 |
| Mar 15, 2021 |
S-3 filing: The registration statement is for an indeterminate number of shares of common stock, preferred stock, warrants, and units with an aggregate initial offering price not to exceed $250,000,000. |
140M | 0 |
| Feb 11, 2021 |
10-Q filing | 141.7M shares outstanding |
140M | 0 |
| Nov 12, 2020 |
10-Q filing | 74.0M shares outstanding |
74M | 3.1M |
| Aug 13, 2020 |
10-Q filing | 74.0M shares outstanding |
74M | 3.1M |
| Jun 29, 2020 |
10-K filing | 55.8M shares outstanding |
56M | 21M |
| May 11, 2020 |
S-3/A filing: This S-3/A filing registers shares of common stock offered by selling stockholders, including shares issuable upon exercise of warrants. |
50M | 27M |
| May 01, 2020 |
S-3 filing: This is an S-3 filing for shares of common stock offered by selling stockholders, including shares issuable upon exercise of warrants. |
50M | 15M |
| Apr 10, 2020 |
S-1/A filing: This S-1/A filing includes information about a registered direct offering and concurrent offering of warrants from January 2020, as well as a purchase agreement with Lincoln Park for up to $10,250,000 of common stock. |
9.6M | 42M |
| Mar 31, 2020 |
S-1 filing: This S-1 filing registers shares related to a purchase agreement with Lincoln Park for up to $10.25 million of common stock, and also discusses a January 2020 registered direct offering and concurrent offering of warrants. |
49M | 7.6M |
| Feb 13, 2020 |
10-Q filing | 48.0M shares outstanding |
48M | 0 |