Anebulo Pharmaceuticals, Inc. (ANEB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: January 27, 2026

Risk Assessment Details

Potential Dilution: 33.74% of current shares
Recent Dilution: 58.85% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
41M
Potential Supply
14M
Additional shares possible
Splits
None
Past 2 years

Summary

ANEB currently has 41.1M outstanding shares. with moderate dilution risk from 13.9M authorized shares representing 33.7% potential dilution. The company has significantly diluted shareholders by 58.85% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jan 27, 2026

8-K filing: Anebulo Pharmaceuticals, Inc. announced the preliminary results of its tender offer to purchase for cash up to 300,000 shares of its common stock at a purchase price of $3.50 per share, which expired on January 26, 2026. ($1.05M proceeds)

41M 14M
Dec 22, 2025

8-K filing: Anebulo Pharmaceuticals announced a tender offer to purchase up to 300,000 shares of its common stock at $3.50 per share for an aggregate purchase price of up to $1,050,000 and abandoned a previously proposed reverse stock split. ($1.05M proceeds)

41M 14M
Nov 13, 2025

10-Q filing | 41.1M shares outstanding

41M 14M
Sep 29, 2025

10-K filing | 41.1M shares outstanding

41M 14M
Sep 19, 2025

POS AM filing: This POS AM filing indicates the removal from registration of any and all shares of the Company's Common Stock registered but unsold under the Registration Statement as of the filing date.

41M 14M
May 13, 2025

10-Q filing | 41.1M shares outstanding

41M 29M
Feb 24, 2025

8-K filing: Anebulo Pharmaceuticals, Inc. entered into a lock-up agreement with 22NW Fund, LP regarding previously issued shares and executed an irrevocable letter instructing the transfer agent to restrict the voting and sale of these shares until stockholder approval.

41M 29M
Feb 20, 2025

S-3 filing: This S-3 filing relates to the resale from time to time of up to an aggregate of 15,151,514 shares of common stock of Anebulo Pharmaceuticals, Inc. by the selling stockholders.

41M 29M
Feb 14, 2025

10-Q filing | 41.1M shares outstanding

41M 14M
Dec 23, 2024

8-K filing: Anebulo Pharmaceuticals, Inc. completed a private placement on December 23, 2024, issuing 15,151,514 shares of common stock at a price of $0.99 per share, resulting in gross proceeds of approximately $15 million. ($15.0M proceeds)

26M 14M
Nov 13, 2024

10-Q filing | 25.9M shares outstanding

26M 14M
Sep 25, 2024

10-K filing | 25.8M shares outstanding

26M 14M
Jun 17, 2024

8-K filing: Anebulo Pharmaceuticals, Inc. approved a new non-employee director equity compensation policy providing for initial and annual equity awards of options to purchase shares of the Company's common stock.

26M 14M
May 15, 2024

10-Q filing | 25.9M shares outstanding

26M 14M
Feb 13, 2024

10-Q filing | 25.8M shares outstanding

26M 14M
Nov 14, 2023

10-Q filing | 25.6M shares outstanding

26M 14M
Sep 22, 2023

10-K filing | 25.1M shares outstanding

25M 14M
May 11, 2023

10-Q filing | 25.6M shares outstanding

26M 14M
Feb 10, 2023

10-Q filing | 25.6M shares outstanding

26M 14M
Nov 10, 2022

10-Q filing | 23.4M shares outstanding

23M 14M
Nov 02, 2022

S-1 filing: The filing discusses a private placement of series A preferred stock convertible into common stock, the purchase of milestone warrants exercisable for series A preferred stock, and a private placement of units consisting of common stock and warrants to purchase common stock.

23M 14M
Sep 29, 2022

8-K filing: Anebulo Pharmaceuticals, Inc. completed a private placement on September 28, 2022, selling 2,264,650 units, each consisting of one share of common stock and a warrant, to institutional accredited investors for approximately $6.6 million. ($13.2M proceeds)

23M 2M
Sep 09, 2022

10-K filing | 23.3M shares outstanding

23M 2M
May 11, 2022

10-Q filing | 23.3M shares outstanding

23M 2M
Feb 11, 2022

10-Q filing | 23.3M shares outstanding

23M 2M
Nov 12, 2021

10-Q filing | 23.3M shares outstanding

23M 2M
Sep 22, 2021

10-K filing | 23.3M shares outstanding

23M 2M
Jun 21, 2021

10-Q filing | 23.3M shares outstanding

23M 2M
May 05, 2021

S-1/A filing: This S-1/A filing describes an exclusive worldwide license agreement, a private placement of series A preferred stock convertible into common stock, and milestone warrants exercisable for series A preferred stock.

13M 2M
Apr 26, 2021

S-1/A filing: This S-1/A filing details an initial public offering of Anebulo Pharmaceuticals, Inc. for 3,000,000 shares of common stock, with an additional 450,000 shares available through an underwriter option, and indicates planned purchases by 22NW, LP and Vernalis Development Limited.

13M 3.5M
Apr 01, 2021

S-1 filing: This S-1 filing describes an exclusive license agreement, a private placement of series A preferred stock convertible into common stock, and milestone warrants exercisable for series A preferred stock.

N/A 340K
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