NANOVIRICIDES, INC. (NNVC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 20, 2026

Risk Assessment Details

Potential Dilution: 602.82% of current shares
Recent Dilution: 66.3% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
22M
Potential Supply
130M
Additional shares possible
Splits
None
Past 2 years

Summary

NNVC currently has 21.6M outstanding shares. with significant dilution risk as 130M authorized shares could dilute existing holders by 602.8%. The company has significantly diluted shareholders by 66.3% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 20, 2026

8-K filing: NanoViricides, Inc. completed a registered direct offering of common stock and warrants, resulting in aggregate gross proceeds of approximately $2.0 million. ($2.0M proceeds)

22M 130M
Dec 15, 2025

S-3 filing: This S-3 filing relates to the offer and resale of common stock issuable upon the exercise of Series A and Series B Common Stock Purchase Warrants.

22M 130M
Nov 14, 2025

8-K filing: NanoViricides, Inc. completed a registered direct offering and concurrent private placement, selling 1,970,000 shares of common stock and pre-funded warrants to purchase up to 1,601,429 shares of common stock to an institutional investor, along with warrants to purchase additional shares, resulting in gross proceeds of approximately $6.0 million.

17M 120M
Nov 14, 2025

10-Q filing | 17.1M shares outstanding

17M 120M
Sep 29, 2025

10-K filing | 17.4M shares outstanding

17M 120M
May 15, 2025

10-Q filing | 16.0M shares outstanding

16M 120M
Feb 14, 2025

10-Q filing | 14.6M shares outstanding

15M 120M
Nov 14, 2024

10-Q filing | 13.7M shares outstanding

14M 120M
Sep 27, 2024

10-K filing | 11.9M shares outstanding

12M 120M
May 15, 2024

10-Q filing | 11.8M shares outstanding

12M 120M
Feb 16, 2024

8-K filing: NanoViricides, Inc. amended its License Agreement with TheraCour Pharma, Inc. regarding milestone payments, extending a line of credit with Dr. Anil R. Diwan, and suspending advance payments to TheraCour.

12M 120M
Feb 14, 2024

10-Q filing | 11.7M shares outstanding

12M 120M
Nov 14, 2023

10-Q filing | 11.7M shares outstanding

12M 120M
Oct 13, 2023

10-K filing | 11.6M shares outstanding

12M 120M
May 15, 2023

10-Q filing | 11.6M shares outstanding

12M 120M
May 08, 2023

S-3/A filing: This S-3/A filing details the estimated costs and expenses associated with the potential issuance and distribution of an assumed $150,000,000 of securities, and it includes information regarding the indemnification of directors and officers.

11M 120M
May 05, 2023

S-3 filing: Nanoviricides, Inc. files an S-3 form for a mixed shelf offering of common stock, preferred stock, and debt securities, warrants and units up to $150,000,000.

11M 120M
Feb 14, 2023

10-Q filing | 11.6M shares outstanding

12M 2.9M
Nov 14, 2022

10-Q filing | 11.6M shares outstanding

12M 2.9M
Oct 13, 2022

10-K filing | 11.5M shares outstanding

12M 2.9M
May 16, 2022

10-Q filing | 11.5M shares outstanding

12M 2.9M
Feb 14, 2022

10-Q filing | 11.5M shares outstanding

12M 2.9M
Nov 15, 2021

10-Q filing | 11.5M shares outstanding

12M 2.9M
Oct 12, 2021

10-K filing | 11.5M shares outstanding

12M 2.9M
Sep 15, 2021

8-K filing: NanoViricides, Inc. entered into a License Agreement with TheraCour Pharma, Inc. for an exclusive, worldwide license for further development of treatments for coronavirus derived human infections, involving milestone payments in cash and Series A Convertible Preferred Stock.

12M 2.9M
May 14, 2021

10-Q filing | 11.5M shares outstanding

12M 2.9M
Feb 16, 2021

10-Q filing | 10.7M shares outstanding

11M 2.9M
Nov 16, 2020

10-Q filing | 10.7M shares outstanding

11M 2.9M
Oct 13, 2020

10-K filing | 3.8M shares outstanding

3.8M 2.9M
Jul 13, 2020

8-K filing: NanoViricides, Inc. completed an underwritten public offering on July 10, 2020, selling 1,575,342 shares of common stock at $7.30 per share, resulting in net proceeds of approximately $10.53 million for general corporate purposes. ($11.51M proceeds)

9.1M 2.9M
Jun 22, 2020

10-Q filing | 9.1M shares outstanding

9.1M 2.9M
May 22, 2020

8-K filing: NanoViricides, Inc. entered into a Securities Purchase Agreement for a registered direct offering of 1,400,000 shares of common stock at $7.30 per share, with the offering closing on May 22, 2020, resulting in net proceeds of approximately $9.3 million. ($10.22M proceeds)

6.3M 2.9M
Mar 24, 2020

S-3 filing: Nanoviricides, Inc. files an S-3 form for a mixed shelf offering of common stock, preferred stock, and debt securities, warrants, and units for up to $150,000,000.

6.3M 2.9M
Feb 14, 2020

10-Q filing | 7.4M shares outstanding

7.4M 2.9M
Jan 28, 2020

8-K filing: NanoViricides, Inc. exchanged Old Warrants for an aggregate of 677,224 shares of Common Stock and warrants to purchase 347,222 shares of Common Stock at an exercise price of $3.00 per share.

N/A 2.9M
Jan 27, 2020

8-K filing: NanoViricides, Inc. completed an underwritten public offering of 2,875,000 shares of common stock at $3.00 per share, resulting in net proceeds of approximately $7.78 million. ($8.63M proceeds)

N/A 2.9M
Jan 08, 2020

S-1/A filing: The company is offering 2,500,000 shares of common stock in a firm commitment underwritten public offering based upon an assumed public offering price of $2.81 per share.

N/A 2.9M
Jan 07, 2020

S-1/A filing: The filing is an S-1/A form for a firm commitment underwritten public offering of 2,500,000 shares of common stock, with an option for the underwriter to purchase up to an additional 375,000 shares, at an assumed price of $3.40 per share.

N/A 2.5M
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