Envirotech Vehicles, Inc. (EVTV) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 19, 2026

Risk Assessment Details

Potential Dilution: 4580.57% of current shares
Recent Dilution: 313.0% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
13M
Potential Supply
590M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

EVTV currently has 12.9M outstanding shares. with significant dilution risk as 590M authorized shares could dilute existing holders by 4580.6%. The company has significantly diluted shareholders by 313.0% 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

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 19, 2026

10-Q filing | 12.9M shares outstanding

13M 590M
Apr 13, 2026

10-K filing | 7.7M shares outstanding

7.7M 600M
Mar 09, 2026

8-K filing: Envirotech Vehicles, Inc. entered into a securities purchase agreement with YA II PN, Ltd. to issue and sell debentures in the aggregate principal amount of $11,000,000 in two tranches, with the first tranche of $4,000,000 closed on March 6, 2026, and issued warrants to purchase up to 1,291,778 shares of common stock in connection with the first closing.

3.2M 600M
Aug 18, 2025

S-3/A filing: The filing is an S-3/A form indicating a shelf offering for common stock, preferred stock, and debt securities, with an aggregate offering price not exceeding $1,000,000,000.

2.6M 600M
Aug 18, 2025

10-Q filing | 3.2M shares outstanding

3.2M 50M
Aug 06, 2025
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 25,670,211 → 2,567,021

2.6M 51M
May 22, 2025

S-1 filing: This prospectus relates to the resale of up to 95,888,921 shares of common stock by YA II PN, LTD, and the company may receive up to $17 million additional aggregate gross proceeds from sales of common stock to the Selling Securityholder pursuant to the Purchase Agreement.

26M 510M
May 20, 2025

10-Q filing | 21.8M shares outstanding

22M 340M
Apr 15, 2025

10-K filing | 19.9M shares outstanding

20M 340M
Dec 06, 2024

S-1/A filing: This S-1/A filing relates to the resale of common stock by a selling securityholder and potential sales of common stock by the company to the selling securityholder pursuant to a standby equity purchase agreement.

17M 340M
Nov 14, 2024

10-Q filing | 16.3M shares outstanding

16M 340M
Nov 01, 2024

S-1 filing: This prospectus relates to the resale, from time to time, of up to 13,609,145 shares of common stock of Envirotech Vehicles, Inc., by YA II PN, LTD.

17M 340M
Aug 14, 2024

10-Q filing | 15.6M shares outstanding

16M 310M
May 15, 2024

10-Q filing | 15.4M shares outstanding

15M 310M
Apr 05, 2024

S-1 filing: Envirotech Vehicles, Inc. is offering common stock and pre-funded warrants to purchase common stock on a reasonable best efforts basis.

16M 310M
Mar 28, 2024

10-K filing | 15.1M shares outstanding

15M 310M
Nov 14, 2023

10-Q filing | 15.1M shares outstanding

15M 310M
Oct 16, 2023

10-Q filing | 15.0M shares outstanding

15M 310M
Oct 16, 2023

10-Q filing | 15.0M shares outstanding

15M 310M
Sep 25, 2023

10-K filing | 15.0M shares outstanding

15M 310M
Nov 14, 2022

10-Q filing | 15.0M shares outstanding

15M 310M
Aug 15, 2022

10-Q filing | 15.0M shares outstanding

15M 310M
May 16, 2022

10-Q filing | 299.9M shares outstanding

300M 29M
May 04, 2022

S-1 filing: Envirotech Vehicles, Inc. is offering shares of its common stock. The underwriters have an over-subscription option to purchase additional shares. The net proceeds will be used for working capital and potential acquisitions or investments.

300M 29M
Apr 26, 2022

10-K filing | 299.9M shares outstanding

300M 29M
Nov 12, 2021

10-Q filing | 294.3M shares outstanding

290M 34M
Aug 19, 2021

10-Q filing | 294.3M shares outstanding

290M 34M
May 25, 2021

10-Q filing | 293.6M shares outstanding

290M 35M
May 13, 2021

8-K filing: ADOMANI, Inc. completed the second closing of its previously announced private placement on May 7, 2021, resulting in $16.275 million of additional cash proceeds. ($23.0M proceeds)

260M 73M
Apr 19, 2021

S-3 filing: This prospectus relates to the possible resale from time to time of up to 73,237,505 shares of our common stock, par value $0.00001 per share, which are held by, or may be issued to, the selling stockholders identified in this prospectus.

260M 73M
Mar 31, 2021

10-K filing | 255.2M shares outstanding

260M 0
Feb 17, 2021

8-K filing: ADOMANI, Inc. entered into a definitive agreement to acquire Envirotech Drive Systems, Inc. through a merger, issuing 142,558,000 shares of ADOMANI common stock.

74M 0
Dec 03, 2020

8-K filing: ADOMANI, Inc. entered into Exchange Agreements with warrant holders to cancel warrants in exchange for 27,499,985 shares of common stock.

74M 0
Nov 13, 2020

10-Q filing | 73.7M shares outstanding

74M 0
Aug 14, 2020

10-Q filing | 73.6M shares outstanding

74M 0
Apr 30, 2020

10-Q filing | 73.3M shares outstanding

73M 0
Mar 10, 2020

10-K filing | 73.2M shares outstanding

73M 0
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