Inotiv, Inc. (NOTV) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
NOTV currently has 34.7M outstanding shares. with limited dilution risk as only 1.84M additional shares (5.3%) are authorized for issuance. The company has significantly diluted shareholders by 38.99% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 11, 2026 |
10-Q filing | 34.7M shares outstanding |
35M | 1.8M |
| Dec 05, 2025 |
10-K filing | 32.5M shares outstanding |
32M | 4M |
| Aug 29, 2025 |
S-3 filing: Inotiv, Inc. is offering common shares with an aggregate offering price of up to $50.0 million through an at-the-market offering via Jefferies, with net proceeds intended for working capital and general corporate purposes. |
34M | 2.1M |
| Aug 07, 2025 |
10-Q filing | 34.4M shares outstanding |
34M | 2.1M |
| May 08, 2025 |
10-Q filing | 34.0M shares outstanding |
34M | 2.5M |
| Feb 06, 2025 |
10-Q filing | 33.9M shares outstanding |
34M | 2.6M |
| Dec 18, 2024 |
8-K filing: Inotiv, Inc. entered into an underwriting agreement for a public offering of 6,000,000 common shares at $4.25 per share, with an option for the underwriter to purchase an additional 900,000 shares. ($25.5M proceeds) |
26M | 11M |
| Dec 04, 2024 |
10-K filing | 25.9M shares outstanding |
26M | 11M |
| Oct 03, 2024 |
S-3 filing: This is an S-3 filing that discusses warrants, equity incentive plans, and convertible senior notes. |
26M | 11M |
| Sep 19, 2024 |
8-K filing: Inotiv, Inc. issued $22.0 million in Senior Secured Second Lien PIK Notes and warrants to purchase 3,946,250 common shares to certain investors, and $0.6 million in notes and warrants to purchase 200,000 common shares to a structuring agent, in exchange for cash and cancellation of existing convertible notes. |
26M | 11M |
| Aug 09, 2024 |
10-Q filing | 26.0M shares outstanding |
26M | 11M |
| May 15, 2024 |
10-Q filing | 25.8M shares outstanding |
26M | 11M |
| Feb 07, 2024 |
10-Q filing | 25.8M shares outstanding |
26M | 11M |
| Dec 12, 2023 |
10-K filing | 25.6M shares outstanding |
26M | 11M |
| Aug 11, 2023 |
10-Q filing | 25.7M shares outstanding |
26M | 11M |
| May 15, 2023 |
10-Q filing | 25.7M shares outstanding |
26M | 11M |
| Feb 14, 2023 |
10-Q filing | 25.6M shares outstanding |
26M | 11M |
| Jan 13, 2023 |
10-K filing | 24.4M shares outstanding |
24M | 12M |
| Aug 25, 2022 |
S-3/A filing: This is an S-3/A filing to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act. The registrant amends the registration statement to delay its effective date. |
16M | 21M |
| Aug 18, 2022 |
S-3 filing: The filing is an S-3 shelf registration for multiple types of securities up to $350 million and includes an offering of 6,964,728 common shares by selling shareholders. |
16M | 21M |
| Aug 12, 2022 |
10-Q filing | 15.9M shares outstanding |
16M | 0 |
| Jul 20, 2022 |
RW filing: The Registrant has determined not to pursue the public offering and withdraws the Registration Statement. |
25M | 0 |
| May 16, 2022 |
10-Q filing | 25.3M shares outstanding |
25M | 0 |
| Feb 16, 2022 |
10-Q filing | 24.3M shares outstanding |
24M | 0 |
| Jan 31, 2022 |
8-K filing: Inotiv, Inc. acquired Orient BioResource Center, Inc. for $28.2 million in cash and 677,339 shares of Inotiv's common stock and also amended its credit agreement to increase the term loan facility by $40.0 million and establish a new $35.0 million delayed draw term loan facility. |
16M | 0 |
| Jan 13, 2022 |
8-K filing: Inotiv, Inc. acquired Integrated Laboratory Systems, LLC for $38.8 million in cash and 429,118 shares of Inotiv's common stock. |
16M | 0 |
| Dec 23, 2021 |
S-1 filing: S-1 filing for offering of common shares. |
16M | 0 |
| Dec 21, 2021 |
10-K filing | 15.9M shares outstanding |
16M | 0 |
| Nov 05, 2021 |
8-K filing: Inotiv, Inc. completed the acquisition of Envigo RMS Holding Corp. on November 5, 2021, issuing 8,245,918 common shares to Envigo stockholders and increasing the number of authorized common shares from 19,000,000 to 74,000,000. |
15M | 0 |
| Sep 28, 2021 |
8-K filing: Joseph E. Flynn, former Chief Commercial Officer of Inotiv, Inc., terminated his employment on September 8, 2021, and entered into a Separation and Release Agreement on September 27, 2021, where he will forfeit unvested stock options and restricted stock awards and will be entitled to exercise 7,000 outstanding stock options until October 8, 2021. |
15M | 0 |
| Sep 21, 2021 |
8-K filing: Inotiv, Inc. entered into a definitive agreement to acquire Envigo RMS Holding Corp. through a merger involving cash consideration of $200 million and 9,365,173 Inotiv common shares. ($285.0M proceeds) |
15M | 0 |
| Aug 13, 2021 |
10-Q filing | 14.7M shares outstanding |
15M | 0 |
| May 14, 2021 |
10-Q filing | 15.8M shares outstanding |
16M | 0 |
| May 06, 2021 |
8-K filing: The Company issued 1,588,235 common shares to the Selling Shareholders at the Closing, relying on the exemption provided by Section 4(a)(2) of the Securities Act. |
11M | 0 |
| Apr 21, 2021 |
8-K filing: Inotiv, Inc. announced a public offering of 2,647,059 common shares at $17.00 per share, with net proceeds of approximately $42.5 million, to finance acquisitions and for general corporate purposes, with the offering expected to close on or about April 23, 2021. ($45.0M proceeds) |
11M | 0 |
| Apr 19, 2021 |
8-K filing: Inotiv, Inc. entered into an Asset Purchase Agreement with HistoTox Labs, Inc. to acquire substantially all of its assets and an Agreement and Plan of Merger with Bolder BioPATH, Inc. ($27.0M proceeds) |
11M | 6.1M |
| Feb 19, 2021 |
S-3 filing: The filing is an S-3 form registering an indeterminate amount of common shares, preferred shares, warrants, and/or units for sale, with an aggregate offering price not to exceed $100,000,000. |
11M | 6.1M |
| Feb 10, 2021 |
10-Q filing | 10.7M shares outstanding |
11M | 0 |
| Dec 22, 2020 |
10-K filing | 10.4M shares outstanding |
10M | 0 |
| Aug 14, 2020 |
10-Q filing | 10.3M shares outstanding |
10M | 0 |
| May 14, 2020 |
10-Q filing | 10.3M shares outstanding |
10M | 0 |
| Feb 14, 2020 |
10-Q filing | 10.8M shares outstanding |
11M | 0 |