Benitec Biopharma Inc. (BNTC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 510.75% of current shares
Recent Dilution: 168.9% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
34M
Potential Supply
180M
Additional shares possible
Splits
None
Past 2 years

Summary

BNTC currently has 34.4M outstanding shares. with significant dilution risk as 175M authorized shares could dilute existing holders by 510.8%. The company has significantly diluted shareholders by 168.9% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 34.4M shares outstanding

34M 180M
Jan 30, 2026

S-3 filing: This prospectus relates to the resale by the Selling Stockholders named in this prospectus of 1,481,481 shares of common stock of Benitec Biopharma Inc.

34M 180M
Nov 14, 2025

10-Q filing | 33.9M shares outstanding

34M 170M
Sep 22, 2025

10-K filing | 26.3M shares outstanding

26M 170M
May 23, 2025

S-3 filing: This prospectus relates to the resale by the Selling Stockholders named in this prospectus of 900,000 shares of common stock of Benitec Biopharma Inc.

26M 170M
May 14, 2025

10-Q filing | 25.6M shares outstanding

26M 170M
Feb 14, 2025

10-Q filing | 22.1M shares outstanding

22M 170M
Nov 14, 2024

10-Q filing | 23.2M shares outstanding

23M 170M
Nov 01, 2024

S-3 filing: The company may offer common stock, debt securities, warrants or units consisting of all or some of such securities having an aggregate offering price of up to $125,000,000.

11M 170M
Sep 26, 2024

10-K filing | 10.6M shares outstanding

11M 170M
May 16, 2024

S-1 filing: This prospectus relates to the resale by the Selling Stockholders of shares of common stock of Benitec Biopharma Inc.

9.4M 170M
May 13, 2024

10-Q filing | 9.4M shares outstanding

9.4M 140M
Feb 23, 2024

S-3 filing: The company intends to offer common stock, debt securities, warrants or units, separately or in combination, up to an aggregate offering price of $125,000,000.

2.6M 140M
Feb 13, 2024

10-Q filing | 2.6M shares outstanding

2.6M 140M
Nov 13, 2023

10-Q filing | 2.6M shares outstanding

2.6M 140M
Sep 21, 2023

10-K filing | 2.5M shares outstanding

2.5M 140M
Aug 07, 2023

S-1/A filing: This S-1/A filing describes an offering of 10,309,278 shares of common stock, pre-funded warrants to purchase 10,309,278 shares of common stock, and common warrants to purchase 10,309,278 shares of common stock.

1.6M 140M
Aug 03, 2023

S-1/A filing: The company is offering shares of common stock, pre-funded warrants, and common warrants.

1.6M 140M
Jul 31, 2023

S-1/A filing: This S-1/A filing relates to an offering of 4,424,778 shares of common stock and pre-funded warrants to purchase common stock, with an option for the underwriter to purchase additional shares.

1.6M 110M
Jul 07, 2023

S-1 filing: The filing is an S-1 for an offering of common stock and pre-funded warrants to purchase shares of common stock.

28M 110M
May 15, 2023

10-Q filing | 28.0M shares outstanding

28M 110M
Feb 13, 2023

10-Q filing | 27.6M shares outstanding

28M 110M
Dec 13, 2022

S-1 filing: The company is offering 29,809,471 shares of its common stock issuable upon exercise of outstanding warrants (the Series 2 Common Warrants) that were issued in a public offering completed on September 15, 2022, with an exercise price of $0.66 per share, exercisable through December 9, 2027.

28M 110M
Nov 10, 2022

10-Q filing | 28.0M shares outstanding

28M 79M
Sep 12, 2022

S-1/A filing: This S-1/A filing relates to an offering of 25,380,710 shares of common stock, pre-funded warrants to purchase 25,380,710 shares of common stock, and common warrants to purchase 25,380,710 shares of common stock.

8.2M 79M
Sep 09, 2022

S-1/A filing: This is an S-1/A filing for an offering of common stock, pre-funded warrants, and common warrants.

8.2M 79M
Sep 02, 2022

10-K filing | 8.2M shares outstanding

8.2M 54M
Aug 10, 2022

S-1/A filing: This is an S-1/A filing for a warrant agency agreement related to a registered offering of common stock, pre-funded warrants, and Series 1 and Series 2 warrants.

8.2M 54M
Aug 08, 2022

S-1/A filing: This S-1/A filing relates to the offering of 25,300,442 shares of common stock together with common warrants to purchase shares of our common stock and pre-funded warrants.

8.2M 54M
Jul 29, 2022

S-1 filing: The company is offering shares of common stock, common warrants to purchase shares of common stock, and pre-funded warrants to purchase shares of common stock.

8.2M 3.3M
May 16, 2022

10-Q filing | 8.2M shares outstanding

8.2M 3.3M
Feb 14, 2022

10-Q filing | 8.2M shares outstanding

8.2M 3.3M
Nov 15, 2021

10-Q filing | 8.2M shares outstanding

8.2M 3.3M
Sep 20, 2021

10-K filing | 8.2M shares outstanding

8.2M 3.3M
May 12, 2021

10-Q filing | 7.9M shares outstanding

7.9M 3.3M
Feb 18, 2021

S-3 filing: The company filed an S-3 form to register a shelf offering of common stock, debt securities, warrants or units with an aggregate offering price of up to $75,000,000.

4.8M 3.3M
Feb 09, 2021

10-Q filing | 4.5M shares outstanding

4.5M 3.3M
Nov 13, 2020

10-Q filing | 4.4M shares outstanding

4.4M 3.3M
Oct 01, 2020

S-1/A filing: This S-1/A filing includes the offering of 1,666,666 shares of common stock, as well as pre-funded warrants to purchase 1,666,666 shares of common stock, with the underlying shares also being offered.

1.1M 3.3M
Sep 23, 2020

10-K filing | 1.1M shares outstanding

1.1M 0
Aug 14, 2020

S-1 filing: This S-1 filing is for an offering of common stock and pre-funded warrants. The last reported sale price of our common stock on The Nasdaq Capital Market was $8.31 on August 13, 2020.

1.1M 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime