ABVC BIOPHARMA, INC. (ABVC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 18, 2026

Risk Assessment Details

Potential Dilution: 5.92% of current shares
Recent Dilution: 152.04% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
25M
Potential Supply
1.5M
Additional shares possible
Splits
None
Past 2 years

Summary

ABVC currently has 25.4M outstanding shares. with limited dilution risk as only 1.51M additional shares (5.9%) are authorized for issuance. The company has significantly diluted shareholders by 152.04% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 18, 2026

10-Q filing | 25.4M shares outstanding

25M 1.5M
Mar 27, 2026

POS AM filing: This prospectus relates to the offer and sale of up to 225,500 shares of common stock underlying warrants previously issued by ABVC Biopharma, Inc.

26M 1.5M
Aug 13, 2025

10-Q filing | 19.5M shares outstanding

20M 1.5M
May 27, 2025

POS AM filing: This prospectus relates to the resale of up to 1,000,000 shares of Common Stock underlying a common stock purchase warrant by the selling stockholders.

16M 1.5M
May 27, 2025

POS AM filing: This is a POS AM filing for common stock being offered by Selling Stockholders, up to 3,400,187 shares, at prevailing market prices or privately negotiated prices. The company will not receive any proceeds from the sales.

16M 1.5M
May 27, 2025

POS AM filing: This is a filing for shares of common stock issuable upon exercise of outstanding warrants.

11M 1.5M
May 22, 2025

S-3 filing: ABVC BioPharma, Inc. may offer and sell common stock, preferred stock, warrants, or a combination of these securities, or units, for an aggregate offering price of up to $100,000,000.

16M 2.5M
May 16, 2025

POS AM filing: This is a POS AM filing for ABVC BioPharma, Inc. relating to the offering of up to 11,714,683 shares of common stock by selling stockholders, including shares issuable upon conversion of notes and warrants.

16M 2.5M
May 16, 2025

POS AM filing: This is a filing for up to 11,714,683 shares of common stock by selling stockholders.

16M 2.5M
Apr 30, 2025

10-Q filing | 16.8M shares outstanding

17M 14M
Apr 30, 2025

8-K filing: The company sold 724,372 shares of its common stock to 15 Non-U.S. Persons for aggregate gross proceeds of approximately $436,000. ($0.44M proceeds)

16M 14M
Apr 15, 2025

10-K filing | 15.8M shares outstanding

16M 14M
Jan 06, 2025

8-K filing: ABVC BioPharma, Inc. entered into a third letter agreement with Lind Global Fund II, LP, pursuant to which Lind agreed to exercise for cash 1,029,167 of the Existing Warrants to purchase shares of Common Stock at a reduced exercise price of $0.40 per share. ($0.41M proceeds)

12M 14M
Nov 14, 2024

10-Q filing | 12.4M shares outstanding

12M 14M
Nov 04, 2024

8-K filing: ABVC BioPharma, Inc. entered into a letter agreement with Lind Global Fund II, LP, pursuant to which Lind agreed to exercise, for cash, 500,000 of the Existing Warrants to purchase shares of Common Stock at a reduced exercise price of $0.42 per share. ($0.21M proceeds)

11M 14M
Aug 14, 2024

10-Q filing | 11.3M shares outstanding

11M 14M
Jul 26, 2024

POS AM filing: This POS AM filing relates to an offering of up to 3,400,187 shares of Common Stock by Selling Stockholders. The Selling Stockholders may sell their shares at prevailing market prices or privately negotiated prices. The company will not receive any proceeds from the sales.

11M 14M
Jun 21, 2024

S-1 filing: This prospectus relates to the resale of up to 1,000,000 shares of Common Stock underlying a common stock purchase warrant by the selling stockholders.

11M 14M
May 24, 2024

8-K filing: ABVC entered into a definitive agreement with OncoX BioPharma, Inc., granting OncoX an exclusive right to develop and commercialize ABVC's BLEX 404 botanical drug for treatment of Myelodysplastic Syndrome in a specified territory for 20 years, in exchange for $6,250,000 (or 1,250,000 Oncox shares valued at $5 per share) and additional milestone payments and royalties. ($6.25M proceeds)

11M 13M
May 23, 2024

8-K filing: ABVC BioPharma, Inc. entered into a letter agreement with Lind Global Fund II, LP, pursuant to which Lind will exercise 1,000,000 Existing Warrants to purchase shares of Common Stock at a reduced exercise price of $0.75 per share and receive a new warrant to purchase 1,000,000 shares of Common Stock at $1.00 per share. ($0.75M proceeds)

11M 13M
May 17, 2024

10-Q filing | 10.9M shares outstanding

11M 13M
May 15, 2024

8-K filing: ABVC entered into a definitive agreement with OncoX BioPharma, Inc. to grant OncoX an exclusive right to develop and commercialize ABVC's BLEX 404 for treatment of Tripple Negative Breast Cancer in a certain territory for 20 years, in consideration of $6,250,000 (or 1,250,000 Oncox shares valued at $5 per share) and royalties. ($6.25M proceeds)

11M 13M
May 09, 2024

8-K filing: ABVC entered into a definitive agreement with OncoX BioPharma, Inc., granting Oncox an exclusive right to develop and commercialize ABVC's BLEX 404 for the treatment of Pancreatic Cancer in a specified territory, in consideration for $6,250,000 (or 1,250,000 Oncox shares valued at $5 per share) and future royalties. ($6.25M proceeds)

11M 13M
Apr 25, 2024

POS AM filing: This is a POS AM filing detailing the offering of shares of common stock issuable upon exercise of outstanding warrants from a previous offering.

11M 13M
Apr 17, 2024

8-K filing: ABVC entered into a definitive agreement with OncoX BioPharma, Inc. granting Oncox an exclusive right to develop and commercialize ABVC's botanical drug for Non-Small Cell Lung Cancer within North America for 20 years, in exchange for $6,250,000 (or 1,250,000 Oncox shares valued at $5 per share) and royalties. ($6.25M proceeds)

11M 13M
Mar 26, 2024

8-K filing: The Company and BIOFIRST CORPORATION entered into a licensing agreement with ForSeeCon Eye Corporation (FEYE) for the products in their Ophthalmology pipeline, including Vitargus, with the potential for payment in FEYE stock. ($30.0M proceeds)

11M 13M
Mar 22, 2024

S-1/A filing: This S-1/A filing includes information on other expenses of issuance and distribution, indemnification of directors and officers, recent sales of unregistered securities, and exhibits and financial statement schedules.

11M 13M
Mar 13, 2024

10-K filing | 10.6M shares outstanding

11M 13M
Feb 16, 2024

S-1/A filing: This prospectus relates to the resale of common stock by selling stockholders.

7.2M 13M
Feb 09, 2024

S-1/A filing: This prospectus relates to the resale of up to 11,714,683 shares of Common Stock by the selling stockholders.

7.2M 14M
Feb 08, 2024

8-K filing: ABVC BioPharma, Inc. entered into a definitive agreement with Shuling Jiang to acquire land in exchange for 703,495 restricted shares of common stock at $3.50 per share and warrants to purchase up to 1,000,000 shares at $2.00 per share. ($2.46M proceeds)

7.2M 13M
Jan 17, 2024

8-K filing: ABVC BioPharma, Inc. entered into a securities purchase agreement with Lind Global Fund II, LP, issuing a secured, convertible note in the principal amount of $1,000,000 for a purchase price of $833,333, convertible into common stock, and a warrant to purchase up to 1,000,000 shares of common stock.

7.2M 13M
Jan 12, 2024

S-1 filing: This prospectus relates to the resale, from time to time, by the selling stockholders of up to 10,403,969 shares of Common Stock of ABVC BioPharma, Inc.

7.2M 13M
Nov 20, 2023

8-K filing: ABVC BioPharma, Inc. entered into a securities purchase agreement with Lind Global Fund II, LP, issuing a secured, convertible note in the principal amount of $1,200,000 for a purchase price of $1,000,000, convertible into common stock, and a warrant to purchase up to 1,000,000 shares of common stock.

7.2M 2.4M
Nov 16, 2023

8-K filing: ABVC and its subsidiary BioLite entered into global licensing agreements with AiBtl BioPharma Inc. (AIBL), where ABVC and BioLite will each receive 23 million shares of AIBL stock, potentially leading to ABVC having a controlling interest in AIBL.

7.2M 2.4M
Nov 15, 2023

10-Q filing | 7.2M shares outstanding

7.2M 2.4M
Sep 13, 2023

8-K filing: ABVC BioPharma, Inc. entered into a letter agreement with Lind Global Fund II LP, waiving certain defaults related to the Company's market capitalization, while Lind retains its conversion rights which could result in a substantial amount of common stock issued at a significant discount.

4M 2.4M
Aug 17, 2023

8-K filing: ABVC BioPharma, Inc. entered into a cooperation agreement with Zhonghui United Technology (Chengdu) Group Co., Ltd. to acquire 20% ownership of a property in Leshan, Sichuan, China, in exchange for 370,000 shares of ABVC's common stock at $20.0 per share. ($7.4M proceeds)

4M 2.4M
Aug 14, 2023

10-Q filing | 4.0M shares outstanding

4M 2.4M
Jul 31, 2023

8-K filing: ABVC BioPharma, Inc. closed a registered direct offering on July 31, 2023, issuing 300,000 shares of common stock and 200,000 pre-funded warrants to an institutional investor.

3.3M 2.4M
Jul 27, 2023

8-K filing: ABVC BioPharma, Inc. entered into a securities purchase agreement to sell 300,000 shares of common stock and 200,000 pre-funded warrants at $3.50 per share, for gross proceeds of $1,750,000. ($3.5M proceeds)

3.3M 2.4M
Jul 25, 2023
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 33,075,775 → 3,308,074

3.3M 2.4M
Jun 08, 2023

S-1/A filing: This is an S-1/A filing for ABVC Biopharma, Inc. related to the offering of common stock issuable upon conversion of a note and underlying warrants.

33M 24M
Jun 01, 2023

S-1/A filing: This is an S-1/A filing for ABVC BioPharma, Inc. related to the offering of common stock by selling stockholders upon conversion of a note and exercise of warrants.

33M 24M
May 15, 2023

10-Q filing | 33.1M shares outstanding

33M 15M
May 10, 2023

S-1/A filing: S-1/A filing on 2023-05-10 regarding an offering of common stock by selling stockholders.

32M 15M
Apr 26, 2023

POS AM filing: This POS AM filing details an offering of up to 2,255,000 shares of common stock issuable upon the exercise of outstanding warrants from a previous offering.

33M 15M
Apr 26, 2023

POS AM filing: This POS AM filing relates to the offering of up to 3,400,187 shares of common stock by Selling Stockholders. The company will not receive any proceeds from the sales.

32M 15M
Apr 24, 2023

S-1 filing: The filing relates to an offering of up to $3,175,000 of shares of Common Stock issuable upon conversion of the Note, up to 5,291,667 shares of Common Stock underlying the Warrant and up to 211,667 shares of Common Stock underlying the PA Warrant by Selling Stockholders.

32M 15M
Mar 31, 2023

10-K filing | 31.7M shares outstanding

32M 15M
Feb 24, 2023

8-K filing: ABVC BioPharma, Inc. entered into a securities purchase agreement with Lind Global Fund II, LP to issue a secured, convertible note in the principal amount of $3,704,167 for a purchase price of $3,175,000, convertible into shares of the Company's common stock at $1.05 per share, and a common stock purchase warrant to purchase up to 5,291,667 shares of common stock at $1.05 per share.

33M 15M
Nov 14, 2022

10-Q filing | 32.6M shares outstanding

33M 15M
Aug 15, 2022

10-Q filing | 31.3M shares outstanding

31M 15M
Jun 14, 2022

POS AM filing: This POS AM filing relates to the offering of up to 4,575,923 shares of common stock by Selling Stockholders. The company will not receive any proceeds from the sale of these shares.

30M 15M
Jun 14, 2022

POS AM filing: This is a filing for securities offered upon exercise of outstanding warrants issued in August 2021 public offering.

32M 15M
May 17, 2022

8-K filing: ABVC BioPharma, Inc. closed a transaction on May 16, 2022, issuing 2,000,000 shares of common stock at $2.11 per share and warrants to purchase up to 2,000,000 shares to an institutional investor, with WallachBeth Capital LLC and ViewTrade Securities, Inc. acting as co-placement agents. ($4.22M proceeds)

30M 16M
May 16, 2022

10-Q filing | 29.7M shares outstanding

30M 16M
May 12, 2022

8-K filing: ABVC BioPharma, Inc. entered into a securities purchase agreement on May 11, 2022, for the offer and sale of 2,000,000 shares of common stock in a registered direct offering, along with warrants to purchase 2,000,000 shares. ($4.22M proceeds)

30M 16M
Mar 31, 2022

10-K filing | 30.3M shares outstanding

30M 16M
Nov 16, 2021

S-3/A filing: ABVC BioPharma, Inc. may from time to time sell common stock, preferred stock, warrants, or a combination of these securities for an aggregate offering price of up to $50,000,000.

27M 16M
Nov 15, 2021

10-Q filing | 26.9M shares outstanding

27M 1.2M
Oct 08, 2021

8-K filing: ABVC BioPharma, Inc. entered into a Joint Venture Agreement with Lucidaim Co., Ltd. and BioLite Japan K.K., transferring 54 ordinary shares of Biolite to Lucidaim for no consideration, resulting in Lucidaim owning 51% and ABVC owning 49% of Biolite's Ordinary Shares.

24M 1.2M
Aug 12, 2021

10-Q filing | 24.5M shares outstanding

24M 1.2M
Jul 29, 2021

S-1/A filing: ABVC Biopharma, Inc. proposes to issue and sell to the underwriters an aggregate of 1,000,000 Units, each Firm Unit consisting of one share of the Company's common stock, one Series A warrant to purchase one share of Common Stock and one Series B warrant to purchase one share of common stock; also an option to purchase up to an additional 150,000 shares of Common Stock, Series A warrants and Series B warrants.

24M 1.2M
Jul 28, 2021

S-1/A filing: This is an S-1/A filing for an offering of units, each consisting of one share of common stock, Series A warrants, and Series B warrants, with an assumed initial public offering price of $6.25 per unit, aiming to raise approximately $6,250,000 for funding clinical trials and general business purposes.

24M 3M
Jul 21, 2021

S-1/A filing: This S-1/A filing relates to an offering of units, each consisting of one share of common stock and warrants to purchase common stock.

24M 1.5M
Jun 21, 2021

S-1/A filing: S-1/A filing for offering of units, each consisting of one share of common stock, one Series A warrant, and one Series B warrant, at an assumed price of $6.25 per unit.

24M 1M
May 14, 2021

S-1/A filing: This S-1/A filing relates to an offering of Units, each consisting of one share of common stock and warrants to purchase common stock, with an over-allotment option for additional shares and warrants.

24M 1.3M
May 10, 2021

10-Q filing | 24.4M shares outstanding

24M 0
Apr 15, 2021

POS AM filing: This prospectus relates to the resale of up to 4,575,923 shares of Common Stock of ABVC BioPharma, Inc. by the selling stockholders.

24M 0
Apr 08, 2021

S-1 filing: This is a firm commitment underwritten public offering by ABVC Biopharma, Inc. of units, each consisting of one share of common stock, one Series A warrant, and one Series B warrant.

24M 4.6M
Mar 16, 2021

10-K filing | 24.4M shares outstanding

24M 4.6M
Dec 15, 2020

S-1/A filing: This prospectus relates to the resale of up to 4,575,923 shares of Common Stock by selling shareholders.

19M 4.6M
Nov 24, 2020

S-1 filing: This S-1 filing relates to the resale of up to 4,575,923 shares of Common Stock by selling shareholders.

19M 4.6M
Nov 17, 2020

10-Q filing | 19.5M shares outstanding

19M 0
Nov 17, 2020

8-K filing: American BriVision (Holding) Corporation closed a securities purchase agreement with two non-U.S. investors, selling 1,111,112 shares of common stock and warrants to purchase 1,111,112 shares for $2,500,000 each, resulting in aggregate net proceeds of $5,000,000 for the Company. ($5.0M proceeds)

19M 0
Oct 06, 2020

8-K filing: American BriVision (Holding) Corporation closed the transactions contemplated by the Exchange Agreements, issuing an aggregate of 795,735 shares of the Company's common stock and warrants to purchase 795,735 shares of Common Stock to certain U.S. and non-U.S. holders.

19M 0
Aug 14, 2020

10-Q filing | 19.5M shares outstanding

19M 0
Jun 29, 2020

10-Q filing | 19.5M shares outstanding

19M 0
May 15, 2020

10-K filing | 19.5M shares outstanding

19M 0
Apr 24, 2020

8-K filing: American BriVision (Holding) Corporation entered into exchange agreements with certain non-U.S. holders to exchange convertible promissory notes for 289,438 shares of common stock and warrants to purchase 289,438 shares of common stock.

N/A 0
Apr 14, 2020

8-K filing: American BriVision (Holding) Corporation entered into exchange agreements with certain holders of convertible promissory notes to exchange $941,584.07 in notes for 506,297 shares of common stock and warrants to purchase 506,297 shares of common stock.

N/A 0
Feb 24, 2020

RW filing: The company has withdrawn the registration statement.

N/A 0
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