Alvotech (ALVO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: March 27, 2025

Risk Assessment Details

Potential Dilution: 10.62% of current shares
Recent Dilution: 13.11% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
300M
Potential Supply
32M
Additional shares possible
Splits
None
Past 2 years

Summary

ALVO currently has 302M outstanding shares. with limited dilution risk as only 32.1M additional shares (10.6%) are authorized for issuance. The company has diluted shareholders by 13.11% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 27, 2025

20-F filing | 301.8M shares outstanding

300M 32M
Aug 21, 2024

F-3 filing: This prospectus relates to the offer and sale from time to time by the selling shareholder named in this prospectus of up to 1,789,087 of our ordinary shares.

270M 32M
Mar 20, 2024

20-F filing | 266.8M shares outstanding

270M 30M
Oct 20, 2023

F-3 filing: Alvotech may offer ordinary shares, debt securities, warrants, rights and units, either individually or in combination with other securities, from time to time at prices and on terms to be determined by market conditions at the time of the offering, with a total aggregate offering price of up to $100,000,000.

270M 30M
Jul 14, 2023

F-3 filing: Resale of Ordinary Shares offered by the Selling Securityholders named in this prospectus, or their permitted transferees, of an aggregate of up to 3,664,580 Ordinary Shares issuable upon exercise of the Bondholder Warrants.

260M 19M
Jul 14, 2023

POS AM filing: This prospectus relates to the issuance by us of 10,365,346 Ordinary Shares consisting of (i) 5,698,679 of our ordinary shares, $0.01 nominal value, that may be issued upon exercise of warrants to purchase Ordinary Shares at an exercise price of $11.50 and (ii) 4,666,667 Ordinary Shares that may be issued upon exercise of warrants issued to Oaktree Acquisition Holdings II, L.P. and its transferees to purchase Ordinary Shares at an exercise price of $11.50.

270M 19M
Mar 13, 2023

POS AM filing: Alvotech is registering the issuance of up to 10,916,647 Ordinary Shares upon exercise of Warrants at $11.50 per share, the resale of up to 219,616,200 Ordinary Shares by Selling Securityholders, and the resale of up to 4,666,667 Private Placement Warrants by the Sponsor.

260M 15M
Mar 01, 2023

20-F filing | 248.6M shares outstanding

250M 250M
Jul 22, 2022

F-1 filing: The filing is an F-1 registration statement for the resale of Ordinary Shares by Yorkville or its permitted transferees, with the company potentially receiving up to $150,000,000 in gross proceeds from sales of Ordinary Shares to Yorkville under the SEPA for working capital and general corporate purposes.

250M 250M
Jul 14, 2022

F-1 filing: Alvotech is registering the issuance of Ordinary Shares upon exercise of Warrants and the resale of Ordinary Shares and Private Placement Warrants by Selling Securityholders.

250M 240M
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