Nuvation Bio Inc. (NUVB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 04, 2026

Risk Assessment Details

Potential Dilution: 36.08% of current shares
Recent Dilution: 38.99% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
350M
Potential Supply
130M
Additional shares possible
Splits
None
Past 2 years

Summary

NUVB currently has 348M outstanding shares. with moderate dilution risk from 126M authorized shares representing 36.1% potential dilution. The company has significantly diluted shareholders by 38.99% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 04, 2026

10-Q filing | 348.2M shares outstanding

350M 130M
Nov 03, 2025

10-Q filing | 342.8M shares outstanding

340M 130M
Aug 07, 2025

10-Q filing | 342.3M shares outstanding

340M 130M
May 07, 2025

10-Q filing | 340.3M shares outstanding

340M 130M
Mar 06, 2025

10-K filing | 337.7M shares outstanding

340M 130M
Nov 06, 2024

10-Q filing | 336.6M shares outstanding

340M 130M
Aug 05, 2024

S-3 filing: This S-3 filing includes the issuance of shares of Class A common stock upon exercise of warrants and the resale of common stock and warrants by selling securityholders.

250M 130M
Aug 05, 2024

10-Q filing | 249.2M shares outstanding

250M 130M
May 14, 2024

10-Q filing | 247.2M shares outstanding

250M 4.2M
Feb 29, 2024

10-K filing | 218.0M shares outstanding

220M 4.2M
Nov 02, 2023

10-Q filing | 218.9M shares outstanding

220M 4.2M
Aug 03, 2023

10-Q filing | 218.9M shares outstanding

220M 4.2M
May 04, 2023

10-Q filing | 218.8M shares outstanding

220M 4.2M
Mar 15, 2023

10-K filing | 217.8M shares outstanding

220M 4.2M
Nov 03, 2022

10-Q filing | 218.4M shares outstanding

220M 4.2M
Aug 04, 2022

10-Q filing | 218.2M shares outstanding

220M 4.2M
May 09, 2022

10-Q filing | 218.1M shares outstanding

220M 4.2M
Mar 02, 2022

POS AM filing: This POS AM filing relates to the issuance of Class A common stock upon exercise of warrants and the offer and sale of common stock and warrants by selling securityholders.

220M 4.2M
Feb 28, 2022

10-K filing | 218.1M shares outstanding

220M 4.2M
Nov 10, 2021

10-Q filing | 217.8M shares outstanding

220M 4.2M
Aug 12, 2021

10-Q filing | 217.8M shares outstanding

220M 4.2M
May 25, 2021

POS AM filing: This is a prospectus for the issuance of up to 60,936,608 shares of Class A common stock, up to 5,787,472 shares of Class A common stock issuable upon exercise of warrants, and up to 995,833 warrants to purchase Class A common stock by the company and selling securityholders.

220M 4.2M
May 17, 2021

10-Q filing | 217.7M shares outstanding

220M 73M
Mar 29, 2021

S-1/A filing: This S-1/A filing relates to the issuance of up to 5,787,472 shares of Class A common stock upon exercise of warrants and the offer and sale of up to 60,936,608 shares of common stock and up to 995,833 private warrants by selling securityholders.

15M 73M
Mar 11, 2021

10-K filing | 3.6M shares outstanding

3.6M 72M
Mar 11, 2021

S-1 filing: This is an S-1 filing for the issuance of Class A common stock upon exercise of warrants and the offer and sale of common stock and private warrants by selling securityholders.

15M 72M
Nov 16, 2020

10-Q filing | 14.9M shares outstanding

15M 4.2M
Oct 21, 2020

8-K filing: Panacea Acquisition Corp. entered into a merger agreement with Nuvation Bio Inc. and PIPE Investors subscribed for 47,755,000 shares of Panacea Class A common stock for $477,550,000. ($477.55M proceeds)

15M 4.2M
Aug 14, 2020

10-Q filing | 14.9M shares outstanding

15M 4.2M
Jul 10, 2020

8-K filing: Panacea Acquisition Corp. consummated its initial public offering of 14,375,000 units at $10.00 per unit, generating gross proceeds of $143,750,000, and completed a private sale of 487,500 units to EcoR1 Panacea Holdings, LLC and PA Co-Investment LLC at $10.00 per unit, generating gross proceeds of $4,875,000. ($148.63M proceeds)

3.6M 4.2M
Jul 06, 2020

8-K filing: Panacea Acquisition Corp. consummated its initial public offering of 14,375,000 units at $10.00 per unit, generating gross proceeds of $143,750,000, and completed the private sale of 487,500 units to the Company's sponsor and an affiliate of one of the underwriters at $10.00 per unit, generating gross proceeds of $4,875,000. ($148.63M proceeds)

3.6M 4.2M
Jun 23, 2020

S-1/A filing: This S-1/A filing describes an offering of 12,500,000 units at $10.00 per unit, each unit consisting of one share of Class A common stock and one-third of one redeemable warrant to purchase one share of Class A common stock.

3.6M 4.2M
Jun 12, 2020

S-1 filing: This S-1 filing outlines an initial public offering of units, each consisting of one share of Class A common stock and one-third of one redeemable warrant, with a proposed offering amount of $125,000,000 by Panacea Acquisition Corp, a blank check company, plus a forward purchase agreement for an aggregate of 2,500,000 shares of Class A common stock and 833,333 redeemable warrants for $25,000,000.

3.6M 15M
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime