Alto Ingredients, Inc. (ALTO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 270.05% of current shares
Recent Dilution: 4.7% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
76M
Potential Supply
200M
Additional shares possible
Splits
None
Past 2 years

Summary

ALTO currently has 75.7M outstanding shares. with significant dilution risk as 204M authorized shares could dilute existing holders by 270.1%. The company has minimally diluted shareholders by 4.7% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

S-3 filing: Alto Ingredients, Inc. is offering up to $150,000,000 of securities comprised of common stock, preferred stock, warrants, debt securities, or units consisting of a combination of the foregoing securities.

76M 200M
May 08, 2026

10-Q filing | 76.6M shares outstanding

77M 170M
Mar 13, 2026

10-K filing | 75.7M shares outstanding

76M 170M
Nov 07, 2025

10-Q filing | 74.8M shares outstanding

75M 170M
Aug 08, 2025

10-Q filing | 74.6M shares outstanding

75M 170M
May 09, 2025

10-Q filing | 73.8M shares outstanding

74M 170M
Mar 13, 2025

10-K filing | 73.5M shares outstanding

73M 170M
Nov 08, 2024

10-Q filing | 73.8M shares outstanding

74M 170M
Aug 08, 2024

10-Q filing | 73.5M shares outstanding

73M 170M
May 08, 2024

10-Q filing | 72.8M shares outstanding

73M 170M
Mar 14, 2024

10-K filing | 73.3M shares outstanding

73M 170M
Nov 08, 2023

10-Q filing | 73.2M shares outstanding

73M 170M
Aug 08, 2023

10-Q filing | 75.9M shares outstanding

76M 170M
Jun 23, 2023

S-3 filing: This is an S-3 filing for a shelf offering of up to $100,000,000 of debt securities, common stock, and preferred stock.

76M 170M
May 09, 2023

10-Q filing | 76.1M shares outstanding

76M 130M
Mar 14, 2023

10-K filing | 75.1M shares outstanding

75M 130M
Nov 29, 2022

S-3 filing: Registration of 1,282,051 common shares for resale by selling stockholders, originally issued under a credit agreement. The company will not receive any proceeds from the sale of these shares.

74M 130M
Nov 14, 2022

8-K filing: Alto Ingredients, Inc. entered into a Credit Agreement and issued 1,282,051 shares of common stock to the Lenders, with a possibility of an additional 320,513 shares upon funding of Specified CapEx Loans.

74M 130M
Nov 09, 2022

10-Q filing | 74.0M shares outstanding

74M 130M
Aug 09, 2022

10-Q filing | 74.2M shares outstanding

74M 130M
May 10, 2022

10-Q filing | 71.4M shares outstanding

71M 130M
Mar 15, 2022

10-K filing | 72.2M shares outstanding

72M 130M
Nov 12, 2021

10-Q filing | 71.4M shares outstanding

71M 130M
Aug 10, 2021

10-Q filing | 72.8M shares outstanding

73M 130M
May 17, 2021

10-Q filing | 72.7M shares outstanding

73M 130M
Mar 26, 2021

10-K filing | 73.2M shares outstanding

73M 130M
Nov 20, 2020

S-3 filing: This is an S-3 filing for the resale of up to 8,900,493 shares of common stock issuable upon exercise of outstanding Series A Warrants.

68M 130M
Nov 16, 2020

10-Q filing | 68.5M shares outstanding

68M 120M
Oct 28, 2020

8-K filing: Pacific Ethanol, Inc. announced the closing of an underwritten public offering of 5,075,000 shares of common stock at $8.42 per share and pre-funded warrants to purchase up to 3,825,493 shares of common stock at $8.4199 per share, along with the closing of a concurrent private placement of a Series A Warrant to purchase up to 8,900,493 shares of common stock, with aggregate gross proceeds of approximately $75 million.

56K 120M
Oct 26, 2020

8-K filing: Pacific Ethanol, Inc. entered into an underwriting agreement for a public offering of common stock and pre-funded warrants, and a securities purchase agreement for a private placement of Series A Warrants, with the offerings expected to close on October 28, 2020. ($75.0M proceeds)

56K 120M
Aug 13, 2020

10-Q filing | 0.1M shares outstanding

56K 120M
Jun 25, 2020

S-3/A filing: This prospectus relates to the sale from time to time in one or more offerings of up to $100,000,000 of debt securities, shares of our common stock; shares of our preferred stock, warrants to purchase our debt securities, common stock or preferred stock; and units.

56K 120M
Jun 04, 2020

S-3 filing: Pacific Ethanol, Inc. is offering up to $100,000,000 of debt securities, common stock, and preferred stock, warrants to purchase our debt securities, common stock or preferred stock; and units. Our common stock is traded on The Nasdaq Capital Market under the symbol "PEIX." On June 3, 2020, the last reported sale price of our common stock on The Nasdaq Capital Market was $0.92.

56K 120M
May 14, 2020

10-Q filing | 0.1M shares outstanding

56K 12M
Apr 21, 2020

8-K filing: Pacific Ethanol Central, LLC, a subsidiary of Pacific Ethanol, Inc., sold its entire interest in Pacific Aurora, LLC to Aurora Cooperative Elevator Company for approximately $52.8 million, receiving $20.2 million in cash and $16.5 million in promissory notes. ($52.8M proceeds)

46M 12M
Mar 30, 2020

10-K filing | 45.8M shares outstanding

46M 12M
Mar 05, 2020

8-K filing: Pacific Ethanol Central, LLC, a subsidiary of Pacific Ethanol, Inc., agreed to sell its entire interest in Pacific Aurora, LLC to Aurora Cooperative Elevator Company for $52,789,425 in cash and $16.5 million in promissory notes. ($52.79M proceeds)

56M 12M
Feb 03, 2020

S-1/A filing: This prospectus relates to the proposed resale by the selling security holders named in this prospectus of up to 12,136,862 shares of our common stock.

56M 12M
Jan 21, 2020

S-1 filing: This S-1 filing contains information on an offering of common stock by selling security holders.

56M 12M
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