Evoke Pharma Inc (EVOK) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
EVOK currently has 1.72M outstanding shares. with significant dilution risk as 8.09M authorized shares could dilute existing holders by 469.7%. The company has significantly diluted shareholders by 112.06% 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 |
|---|---|---|---|
| Nov 13, 2025 |
10-Q filing | 1.7M shares outstanding |
1.7M | 8.1M |
| Aug 14, 2025 |
10-Q filing | 1.6M shares outstanding |
1.6M | 8.3M |
| May 13, 2025 |
10-Q filing | 1.5M shares outstanding |
1.5M | 8.3M |
| Mar 13, 2025 |
10-K filing | 1.5M shares outstanding |
1.5M | 8.3M |
| Nov 07, 2024 |
10-Q filing | 1.4M shares outstanding |
1.4M | 8.4M |
| Sep 27, 2024 |
8-K filing: Evoke Pharma, Inc. entered into an amendment with certain affiliates of Nantahala Capital Management, LLC to reduce the exercise price with respect to 250,627 Series A Warrants and 250,627 Series C Warrants from $8.16 to $0.01, and expects to raise approximately $2.4 million in gross proceeds pursuant to this amendment and the exercise of Series B Warrants. ($4.8M proceeds) |
730K | 9.1M |
| Aug 29, 2024 |
S-3 filing: Evoke Pharma files an S-3 form offering common stock for up to $1.9 million via an at-the-market offering through Wainwright, in addition to a shelf offering for up to $50 million in various securities including common stock, preferred stock, and debt securities. |
730K | 9.1M |
| Aug 13, 2024 |
S-3 filing: This prospectus relates to the issuance of up to 3,266,107 shares of our common stock issuable upon the exercise of outstanding warrants and also relates to the issuance of up to 2,555,106 pre-funded warrants to purchase shares of common stock, which allows a Holder to elect to receive Pre-Funded Warrants upon exercise of Series A Warrants, Series B Warrants and Series C Warrants in lieu of shares of our common stock. |
730K | 8.6M |
| Aug 13, 2024 |
10-Q filing | 0.7M shares outstanding |
730K | 8.6M |
| Aug 01, 2024 |
Stock Split
8-K filing: Stock split 1-for-12 | Outstanding: 9,082,139 → 734,867 |
730K | 270K |
| May 14, 2024 |
10-Q filing | 9.1M shares outstanding |
9.1M | 3M |
| Mar 14, 2024 |
10-K filing | 8.5M shares outstanding |
8.5M | 3.6M |
| Feb 09, 2024 |
8-K filing: Evoke Pharma, Inc. entered into an underwriting agreement for the issuance and sale of 5,134,731 common stock units at $0.68 per unit and 5,894,680 pre-funded warrant units at $0.6799 per unit, with an expected closing date of February 13, 2024. ($6.1M proceeds) |
3.3M | 8.7M |
| Feb 08, 2024 |
S-1/A filing: This S-1/A filing relates to a potential offering of common stock with an estimated net proceeds of $6.1 million, intended for working capital, general corporate purposes, and potential acquisitions, based on a price of $0.75 per share, with 3,343,070 shares of common stock outstanding as of September 30, 2023. |
3.3M | 8.7M |
| Jan 11, 2024 |
S-1/A filing: Evoke Pharma, Inc. is filing an S-1/A registration statement for the offering of common stock units and pre-funded warrant units, with each unit including common stock or pre-funded warrants and Series A, B, and C warrants. |
3.3M | 600K |
| Jan 04, 2024 |
S-1/A filing: This is an S-1/A filing for an offering that includes common stock, pre-funded warrants, and common warrants. |
3.3M | 600K |
| Dec 19, 2023 |
S-1/A filing: This is an S-1/A filing for a proposed offering of common stock, pre-funded warrants, and common warrants. |
3.3M | 600K |
| Dec 15, 2023 |
S-1/A filing: This is an S-1/A filing for Evoke Pharma, Inc. regarding the registration of common stock, pre-funded warrants, and common warrants, with Craig-Hallum Capital Group LLC and Laidlaw & Company (UK) Ltd. as underwriters. |
3.3M | 600K |
| Nov 09, 2023 |
S-1 filing: This is an S-1 filing for a proposed offering of common stock, pre-funded warrants and common warrants underwritten by LAIDLAW & COMPANY (UK) LTD. |
3.3M | 600K |
| Nov 09, 2023 |
10-Q filing | 3.3M shares outstanding |
3.3M | 600K |
| Aug 10, 2023 |
10-Q filing | 3.3M shares outstanding |
3.3M | 600K |
| May 15, 2023 |
10-Q filing | 3.3M shares outstanding |
3.3M | 600K |
| Mar 21, 2023 |
10-K filing | 3.1M shares outstanding |
3.1M | 800K |
| Nov 09, 2022 |
10-Q filing | 3.3M shares outstanding |
3.3M | 600K |
| Aug 10, 2022 |
10-Q filing | 3.2M shares outstanding |
3.2M | 790K |
| May 20, 2022 |
Stock Split
8-K filing: Stock split 1-for-12 | Outstanding: 40,116,877 → 3,343,073 |
3.3M | 600K |
| May 10, 2022 |
10-Q filing | 40.1M shares outstanding |
40M | 7.3M |
| Mar 08, 2022 |
10-K filing | 32.9M shares outstanding |
33M | 14M |
| Nov 10, 2021 |
10-Q filing | 32.7M shares outstanding |
33M | 15M |
| Aug 12, 2021 |
10-Q filing | 32.4M shares outstanding |
32M | 15M |
| May 12, 2021 |
10-Q filing | 32.4M shares outstanding |
32M | 15M |
| Mar 11, 2021 |
10-K filing | 32.4M shares outstanding |
32M | 15M |
| Dec 22, 2020 |
S-3 filing: The company is filing an S-3 form to offer and sell up to $100 million in common stock, preferred stock and debt securities from time to time. |
26M | 21M |
| Nov 10, 2020 |
10-Q filing | 26.4M shares outstanding |
26M | 0 |
| Aug 06, 2020 |
10-Q filing | 26.0M shares outstanding |
26M | 0 |
| May 12, 2020 |
10-Q filing | 24.7M shares outstanding |
25M | 0 |
| Mar 12, 2020 |
10-K filing | 24.4M shares outstanding |
24M | 0 |