BriaCell Therapeutics Corp. (BCTX) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BCTX currently has 1.88M outstanding shares. with significant dilution risk as 2.33M authorized shares could dilute existing holders by 123.7%. The company has significantly diluted shareholders by 228.6% 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 |
|---|---|---|---|
| Jun 03, 2026 |
8-K filing: BriaCell Therapeutics Corp. completed an offering of 1,449,300 common shares for gross proceeds of $4.71 million and issued warrants to the placement agent. ($4.71M proceeds) |
1.9M | 2.3M |
| Dec 11, 2025 |
10-Q filing | 1.9M shares outstanding |
1.9M | 2.3M |
| Jul 16, 2025 |
8-K filing: BriaCell Therapeutics Corp. consummated a public offering of 10,775,000 common units and 1,225,000 pre-funded units at $1.25 and $1.249 per unit, respectively, resulting in gross proceeds of approximately $15 million. ($16.5M proceeds) |
6.8M | 2.3M |
| Jul 10, 2025 |
S-1/A filing: BriaCell Therapeutics Corp. is offering Common Units, Pre-Funded Units, and Warrants on a best efforts basis. Each Common Unit consists of one common share and one warrant. Each Pre-Funded Unit consists of one pre-funded warrant and one warrant. The assumed public offering price for each Common Unit is $2.93, and the exercise price of each warrant is $3.6625. The offering will terminate on September 13, 2025, unless completed sooner. |
6.8M | 9.2M |
| Jul 09, 2025 |
S-1/A filing: BriaCell Therapeutics Corp. is offering up to 6,825,938 common units, each consisting of one common share and one warrant, and pre-funded units, each consisting of one pre-funded warrant and one warrant, on a best efforts basis. |
6.8M | 9.5M |
| Jul 08, 2025 |
S-1 filing: BriaCell Therapeutics Corp. is offering up to 6,825,938 common units, each consisting of one common share and one warrant, and pre-funded units, each consisting of one pre-funded warrant and one warrant. |
6.8M | 9.5M |
| Jun 16, 2025 |
10-Q filing | 6.8M shares outstanding |
6.8M | 2.3M |
| Apr 28, 2025 |
8-K filing: BriaCell Therapeutics Corp. consummated a public offering of units and pre-funded units for gross proceeds of approximately $12.0 million, and the underwriter exercised its over-allotment option for additional gross proceeds of approximately $1.8 million. ($13.8M proceeds) |
3.7M | 2.3M |
| Apr 23, 2025 |
S-1/A filing: S-1/A filing for a firm commitment public offering of up to 2,331,002 common units, each consisting of one common share and one warrant, and pre-funded units, each consisting of a pre-funded warrant and one warrant, with the offering also including the common shares issuable from time to time upon exercise of the Pre-funded Warrants and Warrants. |
3.7M | 2.3M |
| Apr 22, 2025 |
S-1 filing: BriaCell Therapeutics Corp. is offering up to 2,331,002 common units, each consisting of one common share and one warrant, as well as pre-funded units, each consisting of a pre-funded warrant and one warrant. |
3.7M | 2.3M |
| Mar 12, 2025 |
10-Q filing | 3.7M shares outstanding |
3.7M | 0 |
| Feb 05, 2025 |
8-K filing: BriaCell Therapeutics Corp. completed an offering of 762,500 common shares at $4.00 per share, resulting in gross proceeds of $3.05 million before fees and expenses. ($3.05M proceeds) |
2.9M | 0 |
| Jan 24, 2025 |
Stock Split
8-K filing: Stock split 1-for-15 | Outstanding: 44,204,161 → 2,946,944 |
2.9M | 0 |
| Dec 16, 2024 |
10-Q filing | 44.2M shares outstanding |
44M | 0 |
| Dec 13, 2024 |
8-K filing: BriaCell Therapeutics Corp. closed a public offering of 7,400,000 Units, each consisting of one common share and one warrant, at a combined price of $0.75 per Unit, with gross proceeds of approximately $5.55 million. ($5.55M proceeds) |
36M | 0 |
| Oct 29, 2024 |
10-K filing | 36.2M shares outstanding |
36M | 0 |
| Oct 02, 2024 |
8-K filing: BriaCell Therapeutics Corp. completed an offering of 5,128,500 common shares and common share purchase warrants at a combined price of $0.975, resulting in gross proceeds of approximately $5.0 million. ($5.0M proceeds) |
18M | 0 |
| Sep 12, 2024 |
8-K filing: BriaCell Therapeutics Corp. completed a best efforts offering of 12,325,000 common shares at $0.69 per share, resulting in gross proceeds of $8,504,250 before deducting fees and expenses. ($8.5M proceeds) |
18M | 0 |
| Jun 14, 2024 |
10-Q filing | 18.3M shares outstanding |
18M | 48M |
| May 17, 2024 |
8-K filing: BriaCell Therapeutics Corp. completed an offering on May 17, 2024, issuing 2,302,935 common shares, pre-funded warrants for 100,000 common shares, and warrants for 2,402,935 common shares, resulting in gross proceeds of $5,000,000. |
16M | 48M |
| Mar 18, 2024 |
10-Q filing | 16.0M shares outstanding |
16M | 48M |
| Jan 22, 2024 |
S-3 filing: BriaCell Therapeutics Corp. is offering up to $200,000,000 in aggregate of securities, including common shares. |
16M | 48M |
| Dec 14, 2023 |
10-Q filing | 16.0M shares outstanding |
16M | 0 |
| Oct 25, 2023 |
10-K filing | 15.6M shares outstanding |
16M | 0 |
| Aug 31, 2023 |
Stock Split
8-K filing: Stock split 1-for-1 | Outstanding: 15,518,072 → 15,518,072 |
16M | 0 |
| Jun 14, 2023 |
10-Q filing | 15.5M shares outstanding |
16M | 0 |
| May 22, 2023 |
8-K filing: BriaCell Therapeutics Corp. issued 463,408 common shares to Prevail Partners, LLC at a price of $8.63 per share for gross proceeds of $4,000,000 on May 19, 2023. ($4.0M proceeds) |
16M | 0 |
| May 15, 2023 |
8-K filing: BriaCell Therapeutics Corp. entered into a stock purchase agreement with Prevail Partners, LLC to issue 463,408 common shares for $4,000,000, with the funds used to pay amounts owed to InfoWorks under the MST Agreement. ($4.0M proceeds) |
16M | 0 |
| Mar 20, 2023 |
POS AM filing: This prospectus relates to the issuance of up to 3,914,183 common shares upon the exercise of warrants. |
16M | 0 |
| Mar 16, 2023 |
10-Q filing | 15.5M shares outstanding |
16M | 0 |
| Dec 14, 2022 |
10-Q filing | 15.5M shares outstanding |
16M | 0 |
| Oct 28, 2022 |
10-K filing | 15.5M shares outstanding |
15M | 0 |
| Mar 10, 2022 |
POS AM filing: This prospectus relates to the resale of common shares issuable upon the exercise of certain outstanding warrants. |
N/A | 0 |
| Nov 19, 2021 |
POS AM filing: This prospectus relates to the issuance of up to 4,260,766 common shares upon the exercise of warrants. |
N/A | 10M |
| Jun 15, 2021 |
F-1 filing: The filing is an F-1 prospectus relating to the offering and resale of up to 10,340,686 common shares by selling shareholders, including shares issuable upon exercise of warrants. |
N/A | 10M |