HeartBeam, Inc. (BEAT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 30.03% of current shares
Recent Dilution: 83.29% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
56M
Potential Supply
17M
Additional shares possible
Splits
None
Past 2 years

Summary

BEAT currently has 55.5M outstanding shares. with moderate dilution risk from 16.7M authorized shares representing 30.0% potential dilution. The company has significantly diluted shareholders by 83.29% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 55.5M shares outstanding

56M 17M
Apr 16, 2026

8-K filing: HeartBeam, Inc. completed a public offering of 12,500,000 shares of common stock at a price of $0.80 per share, resulting in gross proceeds of approximately $10.0 million before deductions. ($10.0M proceeds)

41M 17M
Mar 13, 2026

S-3/A filing: HeartBeam, Inc. may offer and sell up to $100,000,000 in the aggregate of common stock, preferred stock, and debt securities from time to time in one or more offerings.

41M 17M
Mar 12, 2026

10-K filing | 41.1M shares outstanding

41M 17M
Nov 13, 2025

10-Q filing | 34.4M shares outstanding

34M 17M
Aug 13, 2025

10-Q filing | 33.8M shares outstanding

34M 17M
May 13, 2025

10-Q filing | 33.8M shares outstanding

34M 17M
Mar 13, 2025

10-K filing | 33.7M shares outstanding

34M 17M
Feb 26, 2025

8-K filing: HeartBeam, Inc. consummated its public offering of 5,882,353 shares of common stock at $1.70 per share, generating gross proceeds of $10,000,000 and the underwriter exercised the Over-allotment Option of 864,033 shares, generating gross proceeds of approximately $1.5 million. ($11.5M proceeds)

27M 17M
Feb 18, 2025

8-K filing: HeartBeam, Inc. completed an underwritten offering of 5,882,353 shares of common stock at $1.70 per share, resulting in gross proceeds of approximately $10 million. ($10.0M proceeds)

27M 17M
Nov 07, 2024

10-Q filing | 26.8M shares outstanding

27M 17M
Aug 14, 2024

10-Q filing | 26.6M shares outstanding

27M 17M
May 09, 2024

10-Q filing | 26.5M shares outstanding

27M 17M
Mar 20, 2024

10-K filing | 26.3M shares outstanding

26M 17M
Nov 14, 2023

10-Q filing | 26.4M shares outstanding

26M 17M
Aug 10, 2023

10-Q filing | 26.3M shares outstanding

26M 17M
May 23, 2023

8-K filing: HeartBeam, Inc. consummated an offering of 16,666,666 shares of Common Stock at $1.50 per share, receiving $23.2 million in net proceeds, and believes it has regained compliance with Nasdaq Listing Rule 5550(b)(1). ($25.0M proceeds)

26M 17M
May 11, 2023

10-Q filing | 25.9M shares outstanding

26M 17M
May 05, 2023

8-K filing: HeartBeam, Inc. entered into a Securities Purchase Agreement for the sale of 1,000,000 shares of common stock at a price of $1.50 per share, generating net proceeds of approximately $1.4 million. ($1.4M proceeds)

8.2M 17M
May 03, 2023

8-K filing: HeartBeam, Inc. consummated an offering of 16,666,666 shares of common stock at $1.50 per share, resulting in net proceeds of $23.2 million. ($25.0M proceeds)

8.2M 17M
Apr 17, 2023

S-1/A filing: HeartBeam, Inc. is offering up to 16,666,666 shares of common stock at a public offering price of $1.50 per share in a best efforts offering.

8.2M 20M
Apr 10, 2023

S-1/A filing: HeartBeam, Inc. is offering up to 16,666,666 shares of common stock at a public offering price of $1.50 per share in a 'best efforts' offering, with Public Ventures, LLC acting as the placement agent.

8.2M 20M
Mar 16, 2023

10-K filing | 8.2M shares outstanding

8.2M 3.4M
Mar 09, 2023

8-K filing: HeartBeam, Inc. entered into a Securities Purchase Agreement with Maverick Capital Partners, LLC to sell up to $4,000,000 of the Company's common stock and issued 200,105 shares on March 7, 2023, receiving gross proceeds of $500,000. ($0.5M proceeds)

3.4M 3.4M
Feb 10, 2023

S-1 filing: HeartBeam, Inc. is offering an unspecified number of shares of common stock in a best efforts offering with Public Ventures, LLC as the placement agent.

3.4M 3.4M
Feb 02, 2023

S-3 filing: HeartBeam, Inc. may offer and sell up to $100,000,000 in the aggregate of common stock, preferred stock, and debt securities from time to time in one or more offerings.

3.4M 3.4M
Nov 10, 2022

10-Q filing | 8.1M shares outstanding

8.1M 0
Aug 11, 2022

10-Q filing | 8.1M shares outstanding

8.1M 0
May 12, 2022

10-Q filing | 8.1M shares outstanding

8.1M 0
Mar 24, 2022

10-K filing | 8.0M shares outstanding

8M 0
Feb 22, 2022

8-K filing: HeartBeam, Inc. completed a private placement issuing 58,000 units to OpenSky Opportunities Fund Ltd., with each unit consisting of one share of common stock and one warrant, at a price of $6 per unit, resulting in net proceeds of $348,000 for the company. ($0.7M proceeds)

7.8M 0
Dec 16, 2021

10-Q filing | 7.8M shares outstanding

7.8M 0
Nov 17, 2021

8-K filing: HeartBeam, Inc. consummated its initial public offering (IPO) of 2,750,000 units, each consisting of one share of common stock and one warrant, at a combined public offering price of $6 per unit, resulting in net proceeds of $14,938,795 after deducting underwriting discounts, commissions, and other offering expenses. ($16.5M proceeds)

N/A 0
Nov 09, 2021

S-1/A filing: The filing discusses the sale and issuance of 2015 convertible promissory notes which accrue interest at 8% and mature on December 31, 2021. Sales of these securities have been to directors, officers, consultants and other accredited investors.

N/A 0
Nov 08, 2021

S-1/A filing: The company is engaged in a public offering of units, each unit consisting of one share of common stock and one warrant to purchase one share of common stock.

N/A 0
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