CEL SCI CORP (CVM) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
CVM currently has 8.08M outstanding shares. with significant dilution risk as 49.9M authorized shares could dilute existing holders by 617.6%. The company has significantly diluted shareholders by 79.37% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 15, 2026 |
10-Q filing | 8.1M shares outstanding |
8.1M | 50M |
| May 13, 2026 |
8-K filing: CEL-SCI Corporation completed an offering of 6,000,000 shares of common stock at $1.20 per share, raising gross proceeds of $7,200,000. ($7.2M proceeds) |
8.5M | 49M |
| Apr 17, 2026 |
S-1 filing: This S-1 filing includes the registration of common stock and pre-funded warrants. |
8.5M | 56M |
| Nov 07, 2025 |
S-3 filing: This prospectus relates to the possible resale of up to 375,000 shares of our common stock, which were issued in payment for services in connection with our confirmatory Phase III clinical trial. |
8M | 50M |
| Aug 29, 2025 |
8-K filing: CEL-SCI Corporation completed an offering of 1,111,200 shares of common stock at $9.00 per share on August 29, 2025, raising gross proceeds of approximately $10,000,800. ($10.0M proceeds) |
6.9M | 51M |
| Aug 14, 2025 |
10-Q filing | 6.9M shares outstanding |
6.9M | 51M |
| Jul 14, 2025 |
8-K filing: CEL-SCI Corporation completed an offering of 1,500,000 shares of common stock at $3.82 per share, resulting in gross proceeds of approximately $5,730,000 before deducting fees and expenses. ($5.73M proceeds) |
91M | 0 |
| Jul 03, 2025 |
S-3 filing: CEL-SCI Corporation may offer shares of common stock, preferred stock, convertible preferred stock, rights, warrants, units consisting of one or more of these securities, as well as any of these securities issuable upon conversion of preferred stock or upon the exercise of warrants, at an initial offering price not to exceed $100,000,000. |
91M | 0 |
| May 23, 2025 |
8-K filing: CEL-SCI Corporation completed an offering of 2,000,000 shares of common stock at a price of $2.50 per share on May 23, 2025, resulting in gross proceeds of $5,000,000 before deducting underwriting discounts and offering expenses. ($5.0M proceeds) |
91M | 0 |
| May 14, 2025 |
10-Q filing | 91.0M shares outstanding |
91M | 0 |
| Mar 18, 2025 |
8-K filing: CEL-SCI Corporation completed an offering on March 18, 2025, issuing 4,012,500 shares of common stock at $0.16 per share and pre-funded warrants to purchase up to 11,987,500 shares at $0.1599 per warrant, resulting in gross proceeds of $2,560,000. ($2.56M proceeds) |
74M | 0 |
| Feb 14, 2025 |
10-Q filing | 74.1M shares outstanding |
74M | 0 |
| Jan 13, 2025 |
10-K filing | 63.8M shares outstanding |
64M | 0 |
| Dec 31, 2024 |
8-K filing: CEL-SCI Corporation completed an offering of 7,552,500 shares of common stock and pre-funded warrants to purchase up to 8,577,500 shares at $0.31 and $0.3099 respectively, with gross proceeds of approximately $5,000,000. ($5.0M proceeds) |
64M | 0 |
| Oct 30, 2024 |
S-3/A filing: This is an S-3/A filing dated 2024-10-30. It discusses the offer, sale, and issuance of shares that are exempt from the Securities Act of 1933. |
64M | 0 |
| Oct 25, 2024 |
S-3 filing: This is an S-3 filing for the resale of 1,000,000 shares of common stock by a selling shareholder. |
64M | 0 |
| Oct 11, 2024 |
POS AM filing: CEL-SCI Corporation may offer from time to time shares of common stock, preferred stock, convertible preferred stock, rights, warrants, units consisting of one or more of these securities, as well as any of these securities issuable upon conversion of preferred stock or upon the exercise of warrants at an initial offering price not to exceed $150,000,000. |
54M | 2.3M |
| Oct 08, 2024 |
S-3/A filing: CEL-SCI Corporation may offer shares of common stock, preferred stock, convertible preferred stock, rights, warrants, units consisting of one or more of these securities, as well as any of these securities issuable upon conversion of preferred stock or upon the exercise of warrants, at an initial offering price not to exceed $150,000,000. |
54M | 2.3M |
| Aug 14, 2024 |
10-Q filing | 54.3M shares outstanding |
54M | 2.3M |
| Jul 29, 2024 |
8-K filing: CEL-SCI Corporation completed an offering of 3,715,000 shares of common stock at $1.00 per share and pre-funded warrants to purchase up to 7,130,000 shares at $0.99 per warrant, closing on July 29, 2024, with gross proceeds of $10,845,000. ($10.77M proceeds) |
54M | 2.5M |
| May 15, 2024 |
10-Q filing | 54.1M shares outstanding |
54M | 2.5M |
| Feb 14, 2024 |
10-Q filing | 50.0M shares outstanding |
50M | 6.6M |
| Feb 13, 2024 |
8-K filing: CEL-SCI Corporation closed an offering of 3,875,000 shares of common stock at a price of $2.00 per share on February 13, 2024, resulting in gross proceeds of $7,750,000 before deducting underwriting discounts and other offering expenses. ($7.75M proceeds) |
43M | 13M |
| Dec 21, 2023 |
10-K filing | 43.4M shares outstanding |
43M | 13M |
| Nov 20, 2023 |
8-K filing: CEL-SCI Corporation completed an offering of 2,490,000 shares of common stock at $2.00 per share, resulting in gross proceeds of $4,980,000 before deducting underwriting discounts and other offering expenses. ($4.98M proceeds) |
45M | 12M |
| Aug 10, 2023 |
10-Q filing | 44.7M shares outstanding |
45M | 12M |
| Jul 20, 2023 |
8-K filing: CEL-SCI Corporation closed on an underwritten public offering and issued 2,500,000 shares of common stock at a public offering price of $2.00 per share, receiving approximately $4,500,000 in net proceeds. ($4.5M proceeds) |
44M | 13M |
| Jul 18, 2023 |
8-K filing: CEL-SCI Corporation entered into an Underwriting Agreement to issue and sell 2,500,000 shares of common stock at $2.00 per share, expecting to receive approximately $4,500,000 in net proceeds. ($5.0M proceeds) |
44M | 13M |
| May 12, 2023 |
10-Q filing | 43.8M shares outstanding |
44M | 13M |
| May 01, 2023 |
8-K filing: CEL-SCI Corporation entered into an Underwriting Agreement to issue and sell 794,117 shares of common stock at $1.70 per share, expecting approximately $1,119,000 in net proceeds before an over-allotment option. ($1.35M proceeds) |
43M | 13M |
| Feb 14, 2023 |
10-Q filing | 43.4M shares outstanding |
43M | 13M |
| Dec 27, 2022 |
10-K filing | 43.1M shares outstanding |
43M | 13M |
| Aug 12, 2022 |
10-Q filing | 43.1M shares outstanding |
43M | 13M |
| Jul 01, 2022 |
S-3 filing: CEL-SCI Corporation may offer shares of common stock, preferred stock, convertible preferred stock, rights, warrants, or units, up to a total amount of $150,000,000. |
43M | 13M |
| Jul 01, 2022 |
POS AM filing: Prospectus for the resale of common stock issuable upon exercise of outstanding warrants by selling shareholders. |
43M | 13M |
| May 13, 2022 |
10-Q filing | 43.1M shares outstanding |
43M | 13M |
| Feb 11, 2022 |
10-Q filing | 43.1M shares outstanding |
43M | 13M |
| Dec 21, 2021 |
10-K filing | 40.7M shares outstanding |
41M | 16M |
| Aug 13, 2021 |
10-Q filing | 40.2M shares outstanding |
40M | 16M |
| Jun 29, 2021 |
8-K filing: The Company agreed to issue and sell 1,400,000 shares of common stock at a public offering price of $22.62 per share. The Underwriters exercised their over-allotment option to purchase 210,000 additional shares of common stock which closed on June 28, 2021, resulting in net proceeds of approximately $4.4 million to the Company. ($4.4M proceeds) |
39M | 17M |
| Jun 09, 2021 |
8-K filing: CEL-SCI Corporation entered into an Amended and Restated Underwriting Agreement to issue and sell 1,400,000 shares of common stock at $22.62 per share, with an option for underwriters to purchase an additional 210,000 shares, expecting net proceeds of approximately $29.3 million. ($31.67M proceeds) |
39M | 17M |
| May 17, 2021 |
10-Q filing | 39.4M shares outstanding |
39M | 17M |
| Feb 12, 2021 |
10-Q filing | 38.8M shares outstanding |
39M | 18M |
| Jan 15, 2021 |
POS AM filing: This POS AM filing relates to the offering of shares of common stock issuable upon the exercise of outstanding warrants by warrant holders, previously registered under file # 333-229295. |
40M | 17M |
| Dec 29, 2020 |
10-K filing | 36.8M shares outstanding |
37M | 20M |
| Dec 09, 2020 |
8-K filing: CEL-SCI Corporation entered into an Underwriting Agreement to issue and sell 1,000,000 shares of common stock at $14.65 per share, with an option for underwriters to purchase an additional 150,000 shares to cover over-allotments, with the offering expected to close around December 11, 2020. ($14.65M proceeds) |
39M | 18M |
| Aug 10, 2020 |
10-Q filing | 38.6M shares outstanding |
39M | 18M |
| Jul 02, 2020 |
S-1 filing: This is an S-1 filing including information on the sales of convertible notes, shares of common stock, and warrants from July 2017 to January 2020. |
36M | 21M |
| May 08, 2020 |
10-Q filing | 35.6M shares outstanding |
36M | 0 |
| Mar 13, 2020 |
POS AM filing: This is a POS AM filing, detailing previous sales of common stock, warrants, and convertible notes. |
35M | 0 |
| Feb 21, 2020 |
POS AM filing: This is a POS AM filing including information on recent sales of common stock and warrants. |
35M | 0 |
| Feb 20, 2020 |
S-1/A filing: This is an S-1/A filing. The company has sold shares of common stock in registered direct offerings and private placements to officers and directors of the company, and to Ergomed, plc in payment for services. |
35M | 6.2M |
| Feb 10, 2020 |
10-Q filing | 35.1M shares outstanding |
35M | 0 |