Wellgistics Health, Inc. (WGRX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 19, 2026

Risk Assessment Details

Potential Dilution: 3.56% of current shares
Recent Dilution: 5844.63% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
130M
Potential Supply
4.5M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

WGRX currently has 126M outstanding shares. with limited dilution risk as only 4.48M additional shares (3.6%) are authorized for issuance. The company has significantly diluted shareholders by 5844.63% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 19, 2026

10-Q filing | 125.7M shares outstanding

130M 4.5M
Apr 15, 2026

S-3 filing: This is an S-3 filing for Wellgistics Health, Inc. detailing a shelf registration for common stock, preferred stock, and debt securities, which may be offered and sold from time to time.

100M 4.5M
Apr 09, 2026

8-K filing: Wellgistics Health, Inc. terminated the Settlement Agreement with Silverback Capital Inc., which contemplated the issuance of shares of the Company's common stock, and no additional shares will be issued under the agreement.

100M 4.5M
Mar 20, 2026

10-K filing | 104.9M shares outstanding

100M 4.5M
Nov 19, 2025

10-Q filing | 89.7M shares outstanding

90M 4.5M
Oct 01, 2025

8-K filing: Wellgistics Health, Inc. completed a public offering, selling 7,142,862 shares of common stock at $0.70 per share and warrants to purchase up to 7,142,862 shares, receiving gross proceeds of approximately $5 million. ($5.0M proceeds)

84M 4.5M
Sep 12, 2025

S-1/A filing: Wellgistics Health, Inc. is offering common stock, pre-funded warrants, and warrants in a combined offering.

84M 4.5M
Aug 19, 2025

10-Q filing | 84.1M shares outstanding

84M 4.5M
May 26, 2025
Stock Split

8-K filing: Stock split 1-for-50 | Outstanding: 71,860,505 → 1,437,210

1.4M 90K
May 12, 2025

10-Q filing | 71.9M shares outstanding

72M 4.5M
May 05, 2025

S-1 filing: This S-1 filing relates to the resale of up to 3,578,254 shares of common stock by Hudson Global Ventures, LLC and the potential issuance of shares under an ELOC Purchase Agreement.

72M 4.5M
Apr 18, 2025

8-K filing: Wellgistics MIPA was amended to convert a $1,500,000 cash payment owed to Strategix Global, LLC into 333,333 shares of the Company's common stock at the $4.50 initial public offering price. ($1.5M proceeds)

47M 900K
Apr 11, 2025

8-K filing: Wellgistics Health, Inc. entered into an equity purchase agreement with Hudson Global Ventures, LLC, potentially allowing the company to sell up to $50,000,000 in shares of common stock over approximately 24 months, and issued 152,000 shares of common stock to the investor as a commitment fee.

47M 900K
Mar 27, 2025

8-K filing: Wellgistics Health, Inc. granted an aggregate of 19,764,108 shares of restricted stock under the Wellgistics Health, Inc. Amended and Restated 2023 Equity Incentive Plan to independent directors, non-independent directors, employees, the CEO, former employees and consultants or advisers.

47M 900K
Mar 25, 2025

10-K filing | 47.3M shares outstanding

47M 900K
Mar 21, 2025

8-K filing: Wellgistics Health, Inc. entered into a consulting agreement with Draper, Inc., issuing 100,000 restricted shares of the Company's common stock to Draper for investor relations and business development services.

51M 900K
Feb 28, 2025

8-K filing: Wellgistics Health, Inc. entered into a consulting agreement with Hudson Global Ventures, LLC, issuing 52,000 shares of common stock as part of the consideration for business advisory services.

51M 900K
Jan 14, 2025

S-1/A filing: This S-1/A filing relates to a proposed offering of 900,000 shares of Common Stock with an expected price between $4.50 and $5.50 per share, with the proceeds intended for general corporate purposes.

51M 900K
Dec 18, 2024

S-1/A filing: This S-1/A filing relates to a proposed offering of Common Stock by Wellgistics Health, Inc., with the intention to list on the Nasdaq under the symbol WGRX. The company intends to use the net proceeds of the Offering for general corporate purposes.

51M 900K
Dec 06, 2024

S-1/A filing: Wellgistics Health, Inc. is offering 900,000 shares of common stock at an expected price between $4.50 and $5.50 per share. The company intends to use the net proceeds for general corporate purposes.

51M 900K
Nov 06, 2024

S-1/A filing: S-1/A filing for Wellgistics Health, Inc. offering common stock contingent upon Nasdaq listing with proceeds intended for general corporate purposes.

N/A 0
Oct 21, 2024

S-1/A filing: This is an S-1/A filing for Wellgistics Health, Inc. regarding an offering of common stock, with the intention to list on the Nasdaq under the symbol 'WGRX'.

N/A 0
Sep 27, 2024

S-1/A filing: This S-1/A filing relates to an offering of Common Stock. The company intends to list its Common Stock on Nasdaq under the symbol "WGRX."

N/A 0
Aug 02, 2024

S-1/A filing: This S-1/A filing from Danam Health, Inc. discusses a proposed offering of common stock, recent acquisitions (Wood Sage and pending Wellgistics), and associated risks.

N/A 0
Jul 22, 2024

S-1 filing: Danam Health, Inc. S-1 Filing for shares of Common Stock.

N/A 0
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