To determine the percentage dilution caused by each offer, we need to know the specifics of the offers in terms of the number of shares issued, the initial number of shares, and the share price (if applicable). Dilution generally occurs when a company issues new shares, reducing the ownership percentage of the existing shareholders.

If you provide details of the offers (like the number of shares or other financial information), I can help calculate the dilution percentage and compare the two offers.

Would you like to provide additional details, or should I explain the formula and concept of share dilution further?

Follow-up Questions:

1. What was the number of shares before and after the first offer?
2. How many shares were offered in the second round, if applicable?
3. Were there differences in the pricing of the shares during the offers?
4. Are you looking for percentage dilution from the perspective of share count or ownership value?
5. Would you like a general formula for calculating dilution percentages in stock offerings?

Tip: Dilution affects both ownership percentage and the value per share, depending on how new shares are issued and at what price.