Aspire Biopharma Holdings, Inc. (ASBP) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 276.96% of current shares
Recent Dilution: 1213.85% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
1.3M
Potential Supply
3.6M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

ASBP currently has 1.3M outstanding shares. with significant dilution risk as 3.59M authorized shares could dilute existing holders by 277.0%. The company has significantly diluted shareholders by 1213.85% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 1.3M shares outstanding

1.3M 3.6M
May 11, 2026
Stock Split

8-K filing: Stock split 1-for-30 | Outstanding: 5,024,142 → 167,471

170K 3.6M
Apr 10, 2026

S-1/A filing: This S-1/A filing from Aspire Biopharma Holdings, Inc. outlines the company's business, growth strategy, intellectual property, recent developments including acquisitions and financing agreements, regulatory environment, and risk factors for potential investors.

5M 110M
Mar 30, 2026

10-K filing | 5.0M shares outstanding

5M 110M
Nov 14, 2025

8-K filing: The Company entered into a Purchase Agreement with Arena Business Solutions Global SPC II, Ltd., providing the Company with the right to direct Arena to purchase up to $100,000,000 in shares of the Company's common stock, and issued Transaction Fee Shares and shares to cover fees.

50M 110M
Sep 26, 2025

S-1/A filing: This S-1/A filing by Aspire Biopharma Holdings, Inc. includes information about the company's business, intellectual property, recent transactions, and risk factors, as well as information about up to 73,588,712 shares of Common Stock issuable upon the conversion of Notes.

50M 110M
Sep 18, 2025

S-1 filing: This S-1 filing outlines Aspire Biopharma Holdings, Inc.'s business, including its development of sublingual drug delivery technologies, commercialization plans for aspirin products, and various financial agreements, while also addressing risks and regulatory aspects.

50M 110M
Aug 13, 2025

10-Q filing | 49.3M shares outstanding

49M 34M
May 14, 2025

10-Q filing | 49.5M shares outstanding

50M 34M
May 13, 2025

S-1 filing: Aspire Biopharma, Inc. is filing an S-1 to register the resale of common stock held by selling shareholders, including shares issuable upon exercise of warrants, and also discusses ELOC and Securities Purchase Agreements for potential future sales of common stock and convertible debentures.

50M 34M
Apr 30, 2025

8-K filing: Aspire Biopharma Holdings, Inc. entered into a Settlement Agreement with Lenders to resolve default notices and amend loan agreements, including issuing 625,000 shares of common stock to Blackstone Capital Advisors, Inc.

49M 34M
Apr 09, 2025

S-1 filing: Aspire is an early-stage biopharmaceutical company engaged in developing and marketing disruptive technology for novel sublingual delivery mechanisms.

49M 34M
Apr 07, 2025

10-K filing | 48.9M shares outstanding

49M 34M
Feb 21, 2025

8-K filing: The company issued debentures and common stock to investors, amended a subscription agreement with Blackstone, and amended its articles of incorporation and bylaws in connection with a business combination.

7.8M 34M
Feb 20, 2025

8-K filing: The Company entered into an Equity Line of Credit Agreement with Arena Business Solutions Global SPC II, Ltd., allowing the Company to sell up to $100,000,000 in shares of common stock to Arena, and issued 1,893,473 shares of common stock to Arena as consideration.

7.8M 34M
Feb 10, 2025

8-K filing: Holders of 507,631 Class A ordinary shares elected to redeem their shares for cash at $11.43 per share, resulting in approximately $5,802,222.33 being removed from the Company's trust account. ($5.8M proceeds)

7.8M 34M
Dec 26, 2024

8-K filing: PowerUp Acquisition Corp. entered into a subscription agreement, a promissory note, and a registration rights agreement with Blackstone Capital Advisors, Inc. in connection with its efforts to consummate the Business Combination with Aspire Biopharma, Inc.; Blackstone may loan up to $500,000 to the Company.

7.8M 34M
Nov 14, 2024

10-Q filing | 7.8M shares outstanding

7.8M 34M
Aug 16, 2024

10-Q filing | 8.5M shares outstanding

8.5M 34M
Jun 05, 2024

10-Q filing | 7.8M shares outstanding

7.8M 34M
May 22, 2024

8-K filing: PowerUp Acquisition Corp. entered into a non-redemption agreement with an unaffiliated third-party shareholder, where the Sponsor will transfer shares in exchange for the shareholder agreeing not to redeem a to be determined amount of the Company's Class A ordinary shares.

9M 34M
May 20, 2024

8-K filing: PowerUp Acquisition Corp. is entering into non-redemption agreements with certain shareholders, where the Sponsor will transfer 50,000 Class A ordinary shares for every 150,000 Non-Redeemed Shares.

9M 34M
Mar 11, 2024

10-K filing | 9.0M shares outstanding

9M 34M
Nov 08, 2023

10-Q filing | 9.0M shares outstanding

9M 34M
Aug 23, 2023

8-K filing: New Sponsor purchased 4,317,500 Class A ordinary shares and 6,834,333 private placement warrants from the Original Sponsor for $1.00, and assumed related responsibilities and obligations. ($0.0M proceeds)

7.2M 34M
Aug 08, 2023

10-Q filing | 7.2M shares outstanding

7.2M 34M
Jul 19, 2023

8-K filing: PowerUp Acquisition Corp. entered into a purchase agreement with SRIRAMA Associates, LLC, for the sale of 4,317,500 Class A Ordinary Shares and 6,834,333 private placement warrants from PowerUp Sponsor LLC for $1.00, with the closing expected on or before August 18, 2023. ($0.0M proceeds)

9M 34M
May 23, 2023

8-K filing: Initial Shareholders converted 7,187,500 Class B ordinary shares into 7,187,500 Class A ordinary shares on a one-for-one basis. Following the conversion and redemptions, the Company has approximately 8,991,229 Class A ordinary shares issued and outstanding and no Class B ordinary shares issued and outstanding.

9M 34M
May 15, 2023

8-K filing: PowerUp Sponsor LLC entered into Non-Redemption Agreements with unaffiliated third parties, where the Sponsor will transfer 750,000 Class B ordinary shares in exchange for the third parties agreeing not to redeem 1,500,000 Class A ordinary shares.

29M 34M
May 11, 2023

10-Q filing | 28.8M shares outstanding

29M 34M
May 09, 2023

8-K filing: PowerUp Acquisition Corp. entered into Non-Redemption Agreements with unaffiliated third parties, where the Sponsor agreed to transfer an aggregate of 375,000 Class B Ordinary Shares in exchange for the third parties agreeing not to redeem an aggregate of 750,000 Class A ordinary shares.

7.2M 34M
May 01, 2023

8-K filing: PowerUp Sponsor LLC entered into a Non-Redemption Agreement with an unaffiliated third party, transferring 75,000 Class B ordinary shares in exchange for the third party agreeing not to redeem 150,000 Class A ordinary shares.

7.2M 34M
Mar 21, 2023

10-K filing | 7.2M shares outstanding

7.2M 34M
Nov 10, 2022

10-Q filing | 7.2M shares outstanding

7.2M 34M
Aug 11, 2022

10-Q filing | 7.2M shares outstanding

7.2M 34M
May 16, 2022

10-Q filing | 7.2M shares outstanding

7.2M 34M
Mar 01, 2022

8-K filing: PowerUp Acquisition Corp. consummated its initial public offering of 28,750,000 units at $10.00 per unit, generating gross proceeds of $287,500,000, and completed the private sale of 9,763,333 warrants to the Sponsor at $1.50 per warrant, generating gross proceeds of $14,645,000. ($302.15M proceeds)

7.2M 34M
Feb 23, 2022

8-K filing: PowerUp Acquisition Corp. consummated its initial public offering of 28,750,000 units at $10.00 per unit, generating gross proceeds of $287,500,000, and also completed the private sale of 9,763,333 warrants to the Sponsor at $1.50 per warrant, generating gross proceeds of $14,645,000. ($302.15M proceeds)

7.2M 34M
Feb 14, 2022

S-1/A filing: PowerUp Acquisition Corp. is offering 25,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, along with a concurrent private placement of warrants to its sponsor.

7.2M 34M
Dec 30, 2021

S-1 filing: PowerUp Acquisition Corp. is offering 22,500,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, in an initial public offering.

6.5M 29M
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