Aspire Biopharma Holdings, Inc. (ASBP) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
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
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 |