BT Brands, Inc. (BTBD) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BTBD currently has 6.15M outstanding shares. with moderate dilution risk from 1.82M authorized shares representing 29.5% potential dilution. The company has minimally diluted shareholders by 1.48% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 18, 2026 |
10-Q filing | 6.2M shares outstanding |
6.2M | 1.8M |
| Sep 03, 2025 |
8-K filing: BT Brands, Inc. entered into a Merger Agreement with Aero Velocity Inc., where Aero Merger Sub Inc., a wholly owned subsidiary of BT Brands, will merge with Aero Velocity, with Aero Velocity surviving as a wholly owned subsidiary of BT Brands. As part of the merger, existing Aero Velocity shareholders will receive Parent Series A-1 and A-2 Convertible Preferred Stock and will invest between $3 million and $5 million in Parent Series B Convertible Preferred Stock. ($8.0M proceeds) |
6.2M | 1.7M |
| May 14, 2025 |
10-Q filing | 6.2M shares outstanding |
6.2M | 1.7M |
| Mar 31, 2025 |
10-K filing | 6.2M shares outstanding |
6.2M | 1.7M |
| Dec 16, 2024 |
S-3 filing: BT Brands, Inc. files an S-3 to offer common stock with an aggregate initial offering price of up to $25,000,000 from time to time in one or more offerings and up to $3,005,000 of shares of our common stock from time to time through or to Maxim, acting as our agent or principal. |
6.2M | 1.8M |
| Nov 13, 2024 |
10-Q filing | 6.2M shares outstanding |
6.2M | 0 |
| Jun 10, 2024 |
8-K filing: The Company's Board of Directors authorized a stock repurchase program to acquire up to 625,000 shares, or approximately 10.0%, of the Company's currently issued and outstanding common stock. |
6.2M | 0 |
| May 15, 2024 |
10-Q filing | 6.2M shares outstanding |
6.2M | 0 |
| Apr 01, 2024 |
10-K filing | 6.2M shares outstanding |
6.2M | 0 |
| Nov 15, 2023 |
10-Q filing | 6.2M shares outstanding |
6.2M | 0 |
| Aug 16, 2023 |
10-Q filing | 6.2M shares outstanding |
6.2M | 0 |
| May 17, 2023 |
10-Q filing | 6.2M shares outstanding |
6.2M | 0 |
| Apr 18, 2023 |
10-K filing | 6.4M shares outstanding |
6.4M | 0 |
| Nov 15, 2022 |
10-Q filing | 6.5M shares outstanding |
6.5M | 0 |
| Aug 16, 2022 |
10-Q filing | 6.5M shares outstanding |
6.5M | 0 |
| May 18, 2022 |
10-Q filing | 6.5M shares outstanding |
6.5M | 0 |
| Mar 17, 2022 |
10-K filing | 6.4M shares outstanding |
6.4M | 0 |
| Nov 18, 2021 |
8-K filing: BT Brands, Inc. completed a public offering of 2,400,000 units at $5.00 per unit, each containing one share of common stock and one warrant, and the underwriters exercised their option to purchase additional warrants, resulting in net proceeds of approximately $10.94 million for the company. ($10.94M proceeds) |
4M | 0 |
| Nov 17, 2021 |
10-Q filing | 4.0M shares outstanding |
4M | 6.2M |
| Nov 09, 2021 |
S-1/A filing: S-1/A filing for offering 2,000,000 units, each unit consisting of one share of common stock and one redeemable warrant to purchase one share of common stock (or 2,300,000 units if the underwriters exercise their over-allotment option in full), assuming an offering price of $5.00 per unit, which is the midpoint of the estimated price range set forth on the cover page of this prospectus. |
4M | 6.2M |
| Oct 29, 2021 |
S-1/A filing: This S-1/A filing details an offering of 2,000,000 units, each consisting of one share of common stock and one warrant, at an assumed price of $5.00 per unit, along with warrants to purchase additional shares for the underwriters. |
4M | 6M |
| Oct 15, 2021 |
S-1/A filing: This S-1/A filing outlines an offering of 2,000,000 units, each consisting of one share of common stock and one warrant, at an assumed price of $5.00 per unit, with an over-allotment option for underwriters, and registers warrants to purchase common stock for the representatives. |
4M | 6M |
| Sep 17, 2021 |
S-1/A filing: This is an S-1/A filing for a proposed offering of 2,000,000 units, each unit consisting of one share of common stock and one redeemable warrant to purchase one share of common stock, at an assumed public offering price of $5.00 per unit. |
4M | 8M |
| Aug 18, 2021 |
10-Q filing | 4.0M shares outstanding |
4M | 5.8M |
| May 18, 2021 |
10-Q filing | 4.0M shares outstanding |
4M | 5.8M |
| Mar 25, 2021 |
S-1/A filing: The company is offering 1,500,000 units, each consisting of one share of common stock and one warrant to purchase one share of common stock at an assumed price of $5.00 per unit. The company has also granted the underwriters an option to purchase up to 225,000 additional shares of common stock or warrants. |
4M | 5.8M |
| Mar 11, 2021 |
10-K filing | 4.0M shares outstanding |
4M | 7.5M |
| Nov 25, 2020 |
S-1 filing: This S-1 filing outlines an offering of 3,000,000 units, each consisting of one share of common stock and one warrant to purchase one share of common stock, at an assumed public offering price of $2.50 per unit. It also grants the underwriters an option to purchase up to 450,000 additional shares of common stock and/or warrants. |
8.1M | 3.4M |
| Nov 10, 2020 |
10-Q filing | 8.1M shares outstanding |
8.1M | 0 |
| Aug 13, 2020 |
10-Q filing | 8.1M shares outstanding |
8.1M | 0 |
| May 12, 2020 |
10-Q filing | 8.1M shares outstanding |
8.1M | 0 |
| Apr 15, 2020 |
10-K filing | 8.1M shares outstanding |
8.1M | 0 |