Aeva Technologies, Inc. (AEVA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 20, 2026

Risk Assessment Details

Potential Dilution: 97.75% of current shares
Recent Dilution: 8.09% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
57M
Potential Supply
56M
Additional shares possible
Splits
None
Past 2 years

Summary

AEVA currently has 57M outstanding shares. with significant dilution risk as 55.7M authorized shares could dilute existing holders by 97.7%. The company has minimally diluted shareholders by 8.09% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 20, 2026

10-K filing | 57.0M shares outstanding

57M 56M
May 15, 2025

10-Q filing | 54.8M shares outstanding

55M 56M
Mar 21, 2025

10-K filing | 53.4M shares outstanding

53M 56M
Nov 07, 2024

10-Q filing | 53.7M shares outstanding

54M 56M
Aug 08, 2024

10-Q filing | 53.0M shares outstanding

53M 56M
May 09, 2024

10-Q filing | 52.7M shares outstanding

53M 56M
Mar 15, 2024

10-K filing | 263.8M shares outstanding

260M 56M
Jan 29, 2024

S-3/A filing: S-3/A filing relating to the offer and sale of up to 51,802,299 shares of common stock by selling stockholders.

260M 56M
Jan 09, 2024

S-3 filing: This prospectus relates to the offer and sale from time to time, on a resale basis, by the Selling Stockholders identified herein of up to an aggregate of 51,802,299 shares of our common stock.

260M 56M
Nov 14, 2023

10-Q filing | 222.8M shares outstanding

220M 3.9M
Aug 10, 2023

10-Q filing | 220.5M shares outstanding

220M 3.9M
May 12, 2023

10-Q filing | 219.6M shares outstanding

220M 3.9M
Mar 24, 2023

10-K filing | 217.3M shares outstanding

220M 3.9M
Nov 09, 2022

10-Q filing | 217.9M shares outstanding

220M 3.9M
Sep 30, 2022

8-K filing: Aeva Technologies, Inc. appointed Erin Polek, Stephen Zadesky, and Christopher Eberle as directors and adopted a compensation plan for non-employee directors.

220M 3.9M
Aug 09, 2022

10-Q filing | 216.9M shares outstanding

220M 3.9M
May 10, 2022

POS AM filing: This prospectus relates to the issuance by the company of up to an aggregate of 12,075,000 shares of common stock that may be issued upon exercise of the public warrants. This prospectus also relates to the offer and sale from time to time by the Selling Securityholders, or their permitted transferees, of (i) up to an aggregate of 28,168,478 shares of our common stock that were issued to the PIPE Investors, (ii) up to an aggregate of 141,099,669 shares of our common stock otherwise held by the Selling Securityholders, (iii) up to an aggregate of 384,000 shares of our common stock that may be issued upon exercise of the private placement warrants held by the Selling Securityholders and (iv) up to 384,000 private placement warrants held by the Selling Securityholders.

220M 3.9M
May 09, 2022

10-Q filing | 216.0M shares outstanding

220M 3.9M
Mar 23, 2022

POS AM filing: This prospectus relates to the issuance by us of up to an aggregate of 12,075,000 shares of our common stock that may be issued upon exercise of warrants to purchase common stock at an exercise price of $11.50 per share and also relates to the offer and sale from time to time by the Selling Securityholders of (i) 28,168,478 shares of our common stock that were issued to certain investors, (ii) 141,099,669 shares of our common stock otherwise held by the Selling Securityholders, (iii) up to an aggregate of 384,000 shares of our common stock that may be issued upon exercise of the private placement warrants held by the Selling Securityholders and (iv) up to 384,000 private placement warrants held by the Selling Securityholders.

220M 3.9M
Mar 01, 2022

10-K filing | 200.8M shares outstanding

200M 32M
Nov 12, 2021

10-Q filing | 212.6M shares outstanding

210M 32M
Aug 13, 2021

10-Q filing | 211.6M shares outstanding

210M 32M
Jun 22, 2021

S-1/A filing: This filing discusses the closing of a business combination, including a PIPE investment of $320 million, the redemption of public shares for approximately $310,828.83, and the conversion of working capital loans into warrants and common stock.

210M 32M
Jun 09, 2021

S-1 filing: This S-1 filing registers common stock and warrants for sale by selling securityholders, including shares issuable upon exercise of warrants, and covers additional shares issuable due to share splits or dividends.

210M 190M
Jun 02, 2021

10-Q filing | 211.4M shares outstanding

210M 3.9M
Mar 11, 2021

10-K filing | 7.5M shares outstanding

7.5M 3.9M
Dec 31, 2020

8-K filing: InterPrivate Acquisition Corp. entered into subscription agreements with an institutional accredited investor to sell approximately 13,043,478 shares of common stock at $11.50 per share and an additional $50 million in shares at $16.00 per share, subject to certain conditions including the closing of a merger with Aeva, Inc. ($200.0M proceeds)

7.4M 3.9M
Nov 13, 2020

10-Q filing | 7.4M shares outstanding

7.4M 3.9M
Nov 06, 2020

8-K filing: InterPrivate Acquisition Corp. entered into a business combination agreement with Aeva, Inc., where Merger Sub will merge with Aeva, with Aeva surviving as a wholly-owned subsidiary of InterPrivate. ($120.0M proceeds)

7.4M 3.9M
Aug 11, 2020

10-Q filing | 7.4M shares outstanding

7.4M 3.9M
May 12, 2020

10-Q filing | 7.3M shares outstanding

7.3M 3.9M
Mar 30, 2020

10-K filing | 6.3M shares outstanding

6.3M 3.9M
Feb 12, 2020

8-K filing: InterPrivate Acquisition Corp. consummated its initial public offering of 21,000,000 units at $10.00 per unit, generating gross proceeds of $210,000,000, and a private placement of 555,000 units at $10.00 per unit, generating total proceeds of $5,550,000. The company also consummated the sale of an additional 3,150,000 Units at $10.00 per Unit, generating gross proceeds of $31,500,000, and the sale of an additional 63,000 Private Units at $10.00 per Private Unit, generating total proceeds of $630,000. ($247.68M proceeds)

N/A 3.9M
Jan 29, 2020

S-1/A filing: The registrant is filing an S-1/A registration statement, which includes 2,625,000 shares of common stock and 1,312,500 Redeemable Warrants. The registrant amends this registration statement to delay its effective date.

N/A 3.9M
Jan 24, 2020

S-1/A filing: An S-1/A filing indicating a unit offering with a proposed amount of $175,000,000 (or $201,250,000 if the over-allotment option is exercised in full) at $10.00 per unit.

N/A 0
Jan 08, 2020

S-1 filing: S-1 filing for an offering with EarlyBirdCapital, Inc. as the sole book-running manager. Upon consummation, an aggregate of $175,000,000 (or $201,250,000 if the over-allotment option is exercised in full) or $10.00 per unit sold to the public in this offering will be deposited into a U.S.-based trust account.

N/A 0
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