BioXcel Therapeutics, Inc. (BTAI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BTAI currently has 30.9M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 507.86% 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 15, 2026 |
10-Q filing | 30.9M shares outstanding |
31M | 0 |
| Apr 17, 2026 |
8-K filing: BioXcel Therapeutics, Inc. granted lenders warrants to purchase up to 1,353,729 shares of common stock at an exercise price of $0.01 per share on April 15, 2026. |
27M | 0 |
| Mar 27, 2026 |
10-K filing | 27.1M shares outstanding |
27M | 0 |
| May 12, 2025 |
10-Q filing | 5.5M shares outstanding |
5.5M | 0 |
| Mar 28, 2025 |
10-K filing | 3.1M shares outstanding |
3.1M | 0 |
| Mar 04, 2025 |
8-K filing: BioXcel Therapeutics, Inc. entered into a securities purchase agreement for a registered direct offering of common stock and warrants. |
2.6M | 0 |
| Feb 07, 2025 |
Stock Split
8-K filing: Stock split 1-for-16 | Outstanding: 42,390,000 → 2,649,375 |
2.6M | 0 |
| Jan 10, 2025 |
S-3 filing: This S-3 filing relates to the resale by selling stockholders of up to 5,100,000 shares of BioXcel Therapeutics, Inc.'s common stock issuable upon exercise of warrants. |
42M | 0 |
| Nov 25, 2024 |
8-K filing: BioXcel Therapeutics, Inc. entered into an underwriting agreement for a public offering of 5,600,000 shares of common stock and accompanying warrants, and pre-funded warrants to purchase 9,000,000 shares of common stock and accompanying warrants, at combined public offering prices of $0.48 and $0.479 respectively, resulting in net proceeds of approximately $6.2 million. ($7.0M proceeds) |
42M | 0 |
| Nov 21, 2024 |
8-K filing: BioXcel Therapeutics, Inc. entered into the Fifth Amendment to Credit Agreement, waiving certain covenants and agreeing to new capital raising covenants, while also issuing new warrants to lenders to purchase 5.0 million shares of common stock at $0.01 per share. |
42M | 0 |
| Nov 14, 2024 |
10-Q filing | 42.4M shares outstanding |
42M | 0 |
| Aug 06, 2024 |
10-Q filing | 40.3M shares outstanding |
40M | 0 |
| May 09, 2024 |
10-Q filing | 30.9M shares outstanding |
31M | 0 |
| Mar 25, 2024 |
8-K filing: BioXcel Therapeutics, Inc. entered into a Securities Purchase Agreement to issue and sell 3,054,609 shares of common stock and accompanying warrants, as well as pre-funded warrants to purchase up to 5,565,027 shares of common stock and accompanying warrants, in a registered direct offering, with expected net proceeds of approximately $24.9 million. |
29M | 0 |
| Mar 22, 2024 |
10-K filing | 29.1M shares outstanding |
29M | 0 |
| Jan 12, 2024 |
S-3 filing: BioXcel Therapeutics, Inc. is offering 69,630 shares of common stock issuable upon exercise of warrants granted in connection with that certain second amendment to credit agreement. |
29M | 0 |
| Dec 06, 2023 |
8-K filing: BioXcel Therapeutics amended its credit agreement, terminated its Revenue Interest Financing Agreement, amended and restated warrants to purchase up to 278,520 shares, and granted new warrants to purchase up to 69,630 shares of common stock to Lenders. |
29M | 0 |
| Nov 14, 2023 |
10-Q filing | 29.3M shares outstanding |
29M | 0 |
| Nov 02, 2023 |
S-3 filing: BioXcel Therapeutics, Inc. is offering common stock with an aggregate offering price of up to $150,000,000 and is intended to use the net proceeds of this offering to fund ongoing clinical trials, commercialization preparation and for general corporate purposes. |
29M | 0 |
| Aug 14, 2023 |
10-Q filing | 29.2M shares outstanding |
29M | 0 |
| May 09, 2023 |
10-Q filing | 28.6M shares outstanding |
29M | 0 |
| Mar 16, 2023 |
10-K filing | 28.0M shares outstanding |
28M | 0 |
| Nov 14, 2022 |
10-Q filing | 28.0M shares outstanding |
28M | 0 |
| Aug 11, 2022 |
10-Q filing | 28.0M shares outstanding |
28M | 0 |
| May 27, 2022 |
S-3 filing: BioXcel Therapeutics, Inc. is registering 278,520 shares of common stock issuable upon exercise of warrants for resale by selling stockholders. |
28M | 0 |
| May 09, 2022 |
10-Q filing | 28.0M shares outstanding |
28M | 0 |
| Apr 19, 2022 |
8-K filing: BioXcel Therapeutics, Inc. issued warrants to lenders to purchase up to 278,520 shares of common stock at an exercise price of $20.04 per share and granted the lenders the right to purchase shares of common stock for $5.0 million at a price per share equal to a 10% premium to the volume weighted average price of the common stock over the 30 trading days prior to the lenders' election. |
24M | 0 |
| Mar 11, 2022 |
10-K filing | 26.4M shares outstanding |
26M | 0 |
| Mar 11, 2022 |
POS AM filing: BioXcel Therapeutics is offering common stock, preferred stock, debt securities, warrants and units for a total aggregate amount of $300,000,000, and the selling securityholder may offer and sell up to an aggregate of 8,546,750 shares of common stock. |
24M | 0 |
| Nov 10, 2021 |
10-Q filing | 24.4M shares outstanding |
24M | 0 |
| Aug 10, 2021 |
10-Q filing | 24.4M shares outstanding |
24M | 0 |
| Jun 25, 2021 |
8-K filing: BioXcel Therapeutics, Inc. entered into an underwriting agreement for the issuance and sale of 3,155,000 shares of common stock at $31.70 per share, resulting in net proceeds of approximately $96.8 million. ($96.8M proceeds) |
25M | 0 |
| May 10, 2021 |
10-Q filing | 24.6M shares outstanding |
25M | 0 |
| Mar 12, 2021 |
10-K filing | 24.6M shares outstanding |
25M | 0 |
| Nov 12, 2020 |
10-Q filing | 24.4M shares outstanding |
24M | 0 |
| Aug 14, 2020 |
10-Q filing | 22.4M shares outstanding |
22M | 0 |
| May 12, 2020 |
10-Q filing | 20.2M shares outstanding |
20M | 0 |
| Mar 09, 2020 |
10-K filing | 20.2M shares outstanding |
20M | 0 |