Birchtech Corp. (BCHT) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BCHT currently has 26.3M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 39.25% 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 13, 2026 |
10-Q filing | 26.3M shares outstanding |
26M | 0 |
| Mar 31, 2026 |
10-K filing | 19.3M shares outstanding |
19M | 5.6M |
| Mar 17, 2026 |
8-K filing: Birchtech Corp. completed a public offering of 6,250,000 shares of common stock at $2.40 per share on February 27, 2026, and on March 17, 2026, sold an additional 600,000 shares pursuant to the partial exercise of an over-allotment option, resulting in total gross proceeds of approximately $16.4 million. ($16.4M proceeds) |
19M | 5.5M |
| Jan 13, 2026 |
S-1 filing: This is an S-1 filing for an initial public offering of common stock. |
19M | 5.5M |
| Dec 26, 2025 |
Stock Split
8-K filing: Stock split 1-for-5 | Outstanding: 96,866,109 → 19,373,221 |
19M | 0 |
| Nov 13, 2025 |
10-Q filing | 96.9M shares outstanding |
97M | 0 |
| Aug 14, 2025 |
10-Q filing | 96.3M shares outstanding |
96M | 0 |
| May 15, 2025 |
10-Q filing | 96.2M shares outstanding |
96M | 0 |
| Mar 31, 2025 |
10-K filing | 95.3M shares outstanding |
95M | 0 |
| Nov 14, 2024 |
10-Q filing | 94.4M shares outstanding |
94M | 0 |
| Aug 12, 2024 |
10-Q filing | 94.4M shares outstanding |
94M | 0 |
| May 15, 2024 |
10-Q filing | 94.4M shares outstanding |
94M | 0 |
| Apr 16, 2024 |
10-K filing | 94.2M shares outstanding |
94M | 0 |
| Nov 20, 2023 |
10-Q filing | 94.3M shares outstanding |
94M | 0 |
| Aug 16, 2023 |
10-Q filing | 93.1M shares outstanding |
93M | 0 |
| Jun 06, 2023 |
10-Q filing | 93.1M shares outstanding |
93M | 0 |
| May 15, 2023 |
10-K filing | 93.1M shares outstanding |
93M | 0 |
| Nov 14, 2022 |
10-Q filing | 93.5M shares outstanding |
94M | 0 |
| Aug 15, 2022 |
10-Q filing | 89.9M shares outstanding |
90M | 0 |
| May 18, 2022 |
10-Q filing | 89.1M shares outstanding |
89M | 0 |
| Apr 05, 2022 |
10-K filing | 89.1M shares outstanding |
89M | 0 |
| Nov 15, 2021 |
10-Q filing | 89.3M shares outstanding |
89M | 0 |
| Aug 16, 2021 |
10-Q filing | 89.2M shares outstanding |
89M | 0 |
| Jun 28, 2021 |
8-K filing: Midwest Energy Emissions Corp. converted $2,550,000 principal amount of 2019 Notes into 5,100,000 shares of common stock at $0.50 per share, and converted $229,500 of accrued interest into 229,500 shares of common stock at $1.00 per share, resulting in 89,120,951 shares outstanding. |
89M | 0 |
| May 17, 2021 |
10-Q filing | 83.8M shares outstanding |
84M | 0 |
| Apr 05, 2021 |
10-K filing | 83.7M shares outstanding |
84M | 0 |
| Mar 12, 2021 |
8-K filing: Midwest Energy Emissions Corp. issued shares of common stock between December 14, 2020, and March 8, 2021, resulting in a total of 82,160,582 shares outstanding as of March 8, 2021. ($1.83M proceeds) |
82M | 0 |
| Nov 23, 2020 |
10-Q filing | 78.0M shares outstanding |
78M | 0 |
| Aug 19, 2020 |
10-Q filing | 77.7M shares outstanding |
78M | 0 |
| Jul 06, 2020 |
10-Q filing | 77.7M shares outstanding |
78M | 0 |
| May 14, 2020 |
10-K filing | 77.7M shares outstanding |
78M | 0 |