X4 Pharmaceuticals, Inc (XFOR) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
XFOR currently has 94.3M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 1417.6% 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
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 06, 2026 |
S-3 filing: This is an S-3 filing for X4 Pharmaceuticals, Inc. registering for sale common stock with an aggregate offering price of up to $75,000,000 through Jefferies LLC as sales agent. |
94M | 0 |
| May 06, 2026 |
10-Q filing | 94.3M shares outstanding |
94M | 0 |
| Aug 13, 2025 |
8-K filing: X4 Pharmaceuticals closed two private placements on August 13, 2025, raising $85 million through the sale of common stock and pre-funded warrants, with approximately 87.2 million fully diluted shares outstanding following the closing. ($25.0M proceeds) |
87M | 0 |
| Aug 12, 2025 |
8-K filing: X4 Pharmaceuticals, Inc. entered into a securities purchase agreement with institutional accredited investors to issue and sell 11,040,776 shares of common stock at $1.42 per share and pre-funded warrants to purchase 31,234,731 shares of common stock at $1.419 per share, with expected gross proceeds of approximately $60 million. |
5.8M | 170K |
| Jun 23, 2025 |
8-K filing: X4 Pharmaceuticals, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, allowing the Company to sell up to $40,000,000 of its common stock to Lincoln Park, with the Company issuing 137,099 shares of Common Stock to Lincoln Park as a commitment fee. |
5.8M | 170K |
| May 01, 2025 |
10-Q filing | 5.8M shares outstanding |
5.8M | 170K |
| Apr 28, 2025 |
Stock Split
8-K filing: Stock split 1-for-30 | Outstanding: 173,662,376 → 5,788,166 |
5.8M | 180K |
| Mar 26, 2025 |
10-K filing | 173.7M shares outstanding |
170M | 5.3M |
| Nov 13, 2024 |
10-Q filing | 170.5M shares outstanding |
170M | 8.4M |
| Aug 08, 2024 |
10-Q filing | 168.5M shares outstanding |
170M | 10M |
| May 07, 2024 |
10-Q filing | 167.9M shares outstanding |
170M | 11M |
| Mar 21, 2024 |
10-K filing | 177.8M shares outstanding |
180M | 1.1M |
| Nov 09, 2023 |
10-Q filing | 167.3M shares outstanding |
170M | 12M |
| Aug 14, 2023 |
S-3 filing: The company may offer shares of its common stock, shares of its preferred stock, various series of debt securities and warrants to purchase any of such securities, up to a total aggregate offering price of $300,000,000 from time to time in one or more offerings under this prospectus. |
170M | 10M |
| Aug 10, 2023 |
10-Q filing | 168.7M shares outstanding |
170M | 10M |
| Jun 09, 2023 |
S-3 filing: S-3 filing for common stock offering by selling stockholders. |
120M | 57M |
| May 16, 2023 |
8-K filing: X4 Pharmaceuticals, Inc. entered into a securities purchase agreement to issue and sell shares of common stock and pre-funded warrants in a private placement, expected to close around May 18, 2023, with gross proceeds of approximately $65 million. ($65.0M proceeds) |
120M | 14M |
| May 04, 2023 |
10-Q filing | 122.2M shares outstanding |
120M | 14M |
| Mar 21, 2023 |
10-K filing | 122.2M shares outstanding |
120M | 14M |
| Dec 09, 2022 |
8-K filing: X4 Pharmaceuticals, Inc. entered into an underwriting agreement for the issuance and sale of 52,300,000 shares of common stock, pre-funded warrants to purchase 6,800,000 shares of common stock, and Class C warrants to purchase 29,550,000 shares of common stock or pre-funded warrants at a price of $1.10 per share for common stock and $1.099 per pre-funded warrant, with an expected closing on or about December 9, 2022. ($65.0M proceeds) |
69M | 67M |
| Nov 03, 2022 |
10-Q filing | 69.2M shares outstanding |
69M | 67M |
| Aug 04, 2022 |
10-Q filing | 68.6M shares outstanding |
69M | 68M |
| Jul 29, 2022 |
S-3 filing: This S-3 filing relates to the resale from time to time of up to 101,850,730 shares of common stock of X4 Pharmaceuticals, Inc. by the selling stockholders. |
31M | 110M |
| Jul 01, 2022 |
8-K filing: X4 Pharmaceuticals, Inc. entered into a securities purchase agreement with institutional investors to issue and sell shares of common stock, pre-funded warrants, and warrants in a private placement, expecting gross proceeds of approximately $55 million. ($55.0M proceeds) |
31M | 3.5M |
| May 12, 2022 |
10-Q filing | 30.8M shares outstanding |
31M | 3.5M |
| Apr 22, 2022 |
S-3 filing: This prospectus covers the sale or other disposition by the Selling Stockholder of up to the total number of shares of our Common Stock that were issued to the Selling Stockholder pursuant to the Purchase Agreement, plus the total number of shares of our Common Stock issuable upon exercise of the pre-funded warrants issued to the Selling Stockholder pursuant to the Purchase Agreement, without giving effect to the Beneficial Ownership Limitation. |
31M | 3.5M |
| Mar 17, 2022 |
10-K filing | 30.8M shares outstanding |
31M | 0 |
| Mar 03, 2022 |
8-K filing: X4 Pharmaceuticals, Inc. entered into a securities purchase agreement to issue and sell 900,000 shares of common stock at $1.80 per share and pre-funded warrants to purchase 766,666 shares of common stock at a price of $0.01 per share, with expected gross proceeds of approximately $3.0 million. |
28M | 2.5M |
| Jan 14, 2022 |
8-K filing: X4 Pharmaceuticals, Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, where the Company can sell shares of its common stock up to $50,000,000, and as an initial purchase, the Company sold 1,382,488 shares at $2.17 per share for approximately $3,000,000. ($3.0M proceeds) |
28M | 2.5M |
| Dec 23, 2021 |
S-3 filing: This prospectus relates to the resale from time to time of up to 2,008,032 shares of common stock, par value $0.001 per share, of X4 Pharmaceuticals, Inc. by the selling stockholder. |
25M | 5.9M |
| Nov 05, 2021 |
8-K filing: X4 Pharmaceuticals, Inc. entered into a securities purchase agreement with BCLS II Investco, LP, an affiliate of Bain Capital Life Sciences, for a private placement of pre-funded warrants to purchase 2,008,032 shares of common stock at a price of $0.01 per share, with the company expecting to receive gross proceeds of approximately $10.0 million. ($10.0M proceeds) |
25M | 3.9M |
| Nov 04, 2021 |
10-Q filing | 24.7M shares outstanding |
25M | 3.9M |
| Aug 03, 2021 |
10-Q filing | 24.9M shares outstanding |
25M | 3.8M |
| Jun 25, 2021 |
S-3 filing: Resale of 6,321,836 shares of common stock by selling stockholders. |
24M | 5M |
| May 06, 2021 |
10-Q filing | 23.7M shares outstanding |
24M | 0 |
| Mar 19, 2021 |
8-K filing: X4 Pharmaceuticals, Inc. entered into a securities purchase agreement with institutional accredited investors to issue and sell 6,271,836 shares of common stock at $8.70 per share and pre-funded warrants to purchase 50,000 shares of common stock at $0.01 per share, expected to close on March 23, 2021, for gross proceeds of approximately $55.0 million. ($55.0M proceeds) |
16M | 6M |
| Mar 19, 2021 |
10-K filing | 17.4M shares outstanding |
17M | 4.9M |
| Nov 05, 2020 |
10-Q filing | 16.3M shares outstanding |
16M | 6M |
| Oct 19, 2020 |
S-3 filing: The company is filing an S-3 to register an offering of up to $150,000,000 in common stock, preferred stock, and debt securities from time to time. |
16M | 6.1M |
| Aug 07, 2020 |
S-3 filing: X4 Pharmaceuticals files an S-3 registration statement to offer up to $150,000,000 in various securities, including common stock, preferred stock, and debt securities, as well as up to $50,000,000 of common stock in an at-the-market offering. |
16M | 6.1M |
| Aug 04, 2020 |
10-Q filing | 16.2M shares outstanding |
16M | 0 |
| May 07, 2020 |
10-Q filing | 16.1M shares outstanding |
16M | 0 |
| Mar 12, 2020 |
10-K filing | 0.1M shares outstanding |
110K | 0 |