BioAtla, Inc. (BCAB) - 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: 12.89% of current shares
Recent Dilution: 62.92% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
1.5M
Potential Supply
190K
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

BCAB currently has 1.5M outstanding shares. with limited dilution risk as only 194K additional shares (12.9%) are authorized for issuance. The company has significantly diluted shareholders by 62.92% 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 | 1.5M shares outstanding

1.5M 190K
Apr 06, 2026
Stock Split

8-K filing: Stock split 1-for-50 | Outstanding: 82,846,317 → 1,656,926

1.7M 190K
Mar 31, 2026

10-K filing | 82.8M shares outstanding

83M 9.7M
Jan 16, 2026

S-3 filing: The filing is an S-3 registration statement for a shelf offering of up to $200,000,000 in the aggregate of any combination of common stock, preferred stock, and debt securities.

59M 9.7M
Nov 21, 2025

8-K filing: BioAtla, Inc. entered into a Pre-Paid Advance Agreement with investors for a $7.5 million advance and a Standby Equity Purchase Agreement with Yorkville for the right to sell up to $15.0 million of common stock.

59M 9.7M
Aug 07, 2025

10-Q filing | 58.5M shares outstanding

59M 9.7M
May 06, 2025

10-Q filing | 58.2M shares outstanding

58M 9.7M
May 06, 2025

S-3 filing: This prospectus relates to the resale from time to time, by the selling securityholders of up to 9,679,158 shares of our common stock that they may acquire upon the exercise of outstanding warrants.

58M 9.7M
Mar 28, 2025

10-K filing | 58.4M shares outstanding

58M 0
Nov 07, 2024

10-Q filing | 48.3M shares outstanding

48M 0
Aug 08, 2024

10-Q filing | 48.2M shares outstanding

48M 0
May 14, 2024

10-Q filing | 48.1M shares outstanding

48M 0
Mar 26, 2024

10-K filing | 47.8M shares outstanding

48M 0
Nov 07, 2023

10-Q filing | 47.8M shares outstanding

48M 0
Aug 01, 2023

10-Q filing | 47.7M shares outstanding

48M 0
May 11, 2023

10-Q filing | 47.6M shares outstanding

48M 0
Mar 23, 2023

10-K filing | 47.6M shares outstanding

48M 0
Jan 06, 2023

S-3 filing: The filing is an S-3 form for a shelf offering of common stock, preferred stock, and debt securities, with a total proposed amount of $200,000,000.

38M 0
Nov 04, 2022

10-Q filing | 37.5M shares outstanding

38M 0
Aug 09, 2022

10-Q filing | 37.4M shares outstanding

37M 0
May 17, 2022

POS AM filing: This is a POS AM filing that includes exhibits related to the company's securities offerings, including underwriting agreements, forms of stock certificates, and agreements related to preferred stock and warrants.

36M 0
May 05, 2022

10-Q filing | 35.9M shares outstanding

36M 0
Mar 01, 2022

POS AM filing: The company may offer and sell up to $200,000,000 in the aggregate of any combination of common stock, preferred stock, debt securities, warrants and units.

36M 0
Feb 28, 2022

10-K filing | 35.8M shares outstanding

36M 0
Nov 15, 2021

10-Q filing | 35.3M shares outstanding

35M 0
Oct 22, 2021

S-1 filing: This S-1 filing relates to the potential sale of common stock by selling stockholders. The company will not receive any proceeds from this offering.

32M 0
Sep 29, 2021

8-K filing: BioAtla, Inc. entered into Stock Purchase Agreements to issue and sell 2,678,600 shares of its common stock at $28.00 per share to accredited investors for gross proceeds of $75.0 million, with the closing expected on or about September 30, 2021. ($75.0M proceeds)

32M 0
Aug 13, 2021

10-Q filing | 32.3M shares outstanding

32M 0
May 12, 2021

10-Q filing | 32.2M shares outstanding

32M 0
Nov 13, 2020

S-1 filing: S-1 filing for an initial public offering of common stock.

280M 0
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