Annovis Bio, Inc. (ANVS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 20, 2026

Risk Assessment Details

Potential Dilution: 95.85% of current shares
Recent Dilution: 104.02% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
28M
Potential Supply
27M
Additional shares possible
Splits
None
Past 2 years

Summary

ANVS currently has 27.8M outstanding shares. with significant dilution risk as 26.7M authorized shares could dilute existing holders by 95.9%. The company has significantly diluted shareholders by 104.02% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 20, 2026

8-K filing: Annovis Bio, Inc. entered into an underwriting agreement to issue and sell 7,895,000 shares of common stock and warrants to purchase 7,105,500 shares in a public offering with expected gross proceeds of approximately $15 million. ($15.0M proceeds)

28M 27M
May 15, 2026

10-Q filing | 27.8M shares outstanding

28M 27M
Nov 12, 2025

10-Q filing | 19.7M shares outstanding

20M 27M
Oct 28, 2025

8-K filing: Annovis Bio, Inc. entered into a Securities Purchase Agreement and Stock Subscription Agreements to issue and sell 1,670,732 shares of common stock at $2.05 per share in a registered direct offering, expected to close on October 28, 2025, with gross proceeds of approximately $3.425 million. ($3.43M proceeds)

19M 27M
Aug 12, 2025

10-Q filing | 19.5M shares outstanding

19M 27M
May 13, 2025

10-Q filing | 19.5M shares outstanding

19M 27M
Mar 21, 2025

10-K filing | 14.1M shares outstanding

14M 27M
Feb 05, 2025

8-K filing: Annovis Bio, Inc. completed an underwritten public offering of 5,250,000 units, each consisting of one share of common stock and one warrant to purchase one share of common stock, at a per unit price of $4.00, for aggregate gross proceeds of $21,000,000. ($21.0M proceeds)

13M 27M
Nov 08, 2024

10-Q filing | 13.0M shares outstanding

13M 27M
Aug 14, 2024

10-Q filing | 11.3M shares outstanding

11M 27M
May 10, 2024

10-Q filing | 10.8M shares outstanding

11M 27M
Apr 26, 2024

8-K filing: Annovis Bio, Inc. entered into a Common Stock Purchase Agreement with an Equity Line investor, potentially offering and selling up to 2,051,428 shares of common stock at the Company's discretion. ($0.38M proceeds)

11M 27M
Mar 29, 2024

10-K filing | 10.5M shares outstanding

11M 27M
Mar 22, 2024

8-K filing: Annovis Bio, Inc. closed an offering on March 22, 2024, issuing 316,455 shares of common stock at $9.48 per share, raising $3,000,000 in gross proceeds. ($3.0M proceeds)

9M 27M
Mar 21, 2024

8-K filing: Annovis Bio, Inc. entered into a Securities Purchase Agreement to issue and sell 316,455 shares of Common Stock at $9.48 per share for aggregate gross proceeds of $3,000,000 to an institutional investor. ($3.0M proceeds)

9M 27M
Mar 20, 2024

8-K filing: Annovis Bio, Inc. closed an offering of 114,911 shares of Common Stock at $8.92 per share on March 19, 2024, raising $1,025,000 in gross proceeds. ($1.03M proceeds)

9M 27M
Mar 15, 2024

8-K filing: Annovis Bio, Inc. entered into a Securities Purchase Agreement to issue and sell 114,911 shares of Common Stock at $8.92 per share for aggregate gross proceeds of $1,025,000 to an institutional investor. ($1.03M proceeds)

9M 27M
Feb 12, 2024

S-3/A filing: This is an S-3/A filing for Annovis Bio, Inc., indicating a shelf registration for common stock to be offered on a delayed or continuous basis pursuant to Rule 415.

9M 27M
Feb 01, 2024

S-3 filing: Annovis Bio, Inc. may offer and sell shares of common stock, shares of preferred stock, debt securities, warrants, or any combination of those securities, either individually or in units, up to an aggregate initial offering price of $250,000,000.

9M 27M
Nov 08, 2023

10-Q filing | 9.0M shares outstanding

9M 27M
Nov 01, 2023

8-K filing: Annovis Bio, Inc. entered into an underwriting agreement with Cannacord Genuity LLC for a public offering of 1,250,000 shares of common stock and warrants to purchase 1,250,000 shares, priced at $6.00 per unit, expected to close on or about November 2, 2023. ($7.5M proceeds)

9M 27M
Aug 14, 2023

10-Q filing | 9.0M shares outstanding

9M 27M
May 10, 2023

10-Q filing | 8.2M shares outstanding

8.2M 27M
Apr 04, 2023

8-K filing: The Company sold 704,000 Shares pursuant to the Sales Agreement at a price of $10.88 per Share, for gross proceeds of $7,659,520 before commissions and terminated the Sales Agreement, ceasing further offerings. ($7.66M proceeds)

8.2M 27M
Mar 31, 2023

10-K filing | 8.2M shares outstanding

8.2M 27M
Nov 08, 2022

10-Q filing | 8.2M shares outstanding

8.2M 27M
Aug 08, 2022

10-Q filing | 8.2M shares outstanding

8.2M 27M
May 04, 2022

10-Q filing | 8.2M shares outstanding

8.2M 27M
Mar 02, 2022

10-K filing | 7.6M shares outstanding

7.6M 27M
Nov 03, 2021

10-Q filing | 6.9M shares outstanding

6.9M 27M
Jul 28, 2021

10-Q filing | 6.9M shares outstanding

6.9M 27M
May 24, 2021

8-K filing: Annovis Bio, Inc. entered into an underwriting agreement with ThinkEquity for a public offering of 1,000,000 shares of common stock at $50.00 per share. ($50.0M proceeds)

6.9M 27M
May 06, 2021

10-Q filing | 6.9M shares outstanding

6.9M 27M
Mar 03, 2021

10-K filing | 6.9M shares outstanding

6.9M 27M
Feb 01, 2021

S-3 filing: The filing is an S-3 registration statement for a shelf offering of common stock, preferred stock, warrants, or units, or any combination of those securities, up to an aggregate initial offering price of $250,000,000.

6.9M 27M
Nov 04, 2020

10-Q filing | 6.9M shares outstanding

6.9M 1.6M
Jul 29, 2020

10-Q filing | 6.9M shares outstanding

6.9M 1.6M
May 05, 2020

10-Q filing | 6.9M shares outstanding

6.9M 1.6M
Jan 24, 2020

S-1/A filing: This S-1/A filing relates to the registration of Firm Shares, an over-allotment option, and representative's warrants for common stock.

280K 1.6M
Jan 21, 2020

S-1/A filing: This S-1/A filing registers common stock offered through ThinkEquity, including firm shares and an over-allotment option, as well as representative's warrants, to advance preclinical and clinical development of ANVS-401 and for general corporate purposes.

280K 1.6M
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime