Possible new RXRX shares
RXRXDilution
Last raise Oct 15, 2026, 424B5: 61.5M shares (11.5% of the 535M then) at $3.25, $200M gross
Known so far: no new shares from the prospectus covers read · shelf not limited by the baby-shelf rule · not yet read: warrants, converts, ATM.
Shelf room
- Room today not capped by the baby-shelf rule ($2.0B float, Jun 30, 2025)
How this is worked out
Shelf room on the S-3ASR of Feb 12, 2025: not limited by the baby-shelf rule, because the $2.0B public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3ASR Feb 12, 2025, effective Feb 12, 2025 · public float, as of Jun 30, 2025.
What could become new Recursion Pharmaceuticals (RXRX) shares: options and RSUs, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.
RXRX dilution ladder
Every source of new shares on record, from the filings that created it.
622.8M outstanding; up to 659.7M fully diluted, +6%
- Outstandingas of Oct 26, 2026 (10-Q filed Nov 2) · share count on the cover page622.8M
- +36.9M
Not stated in the filings we read: an ATM program, warrants, convertible notes.
Counts, sizes and prices as stated in each filing; the fully diluted count is arithmetic on them. Dollars become shares only at a price a filing states. Not advice.
Shares outstanding
623M
Dec 2024 to Oct 2026: from 397M to 623M.
From the share count on the cover of each 10-Q and 10-K, dated as each cover states.
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