PAVmed Inc. (PAVM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 27, 2026

Risk Assessment Details

Potential Dilution: 14.18% of current shares
Recent Dilution: 130.55% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
930K
Potential Supply
130K
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

PAVM currently has 928K outstanding shares. with limited dilution risk as only 132K additional shares (14.2%) are authorized for issuance. The company has significantly diluted shareholders by 130.55% 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
Mar 27, 2026

10-K filing | 0.9M shares outstanding

930K 130K
Jan 02, 2026
Stock Split

8-K filing: Stock split 1-for-30 | Outstanding: 25,086,881 → 836,229

840K 130K
Nov 12, 2025

10-Q filing | 25.1M shares outstanding

25M 4M
Sep 11, 2025

8-K filing: Lucid Diagnostics Inc., a subsidiary of PAVmed Inc., closed on the sale of 28,750,000 shares of its common stock at $1.00 per share in an underwritten public offering, resulting in net proceeds of approximately $26.9 million, which Lucid Diagnostics intends to use for working capital and general corporate purposes. ($28.75M proceeds)

17M 4M
Jun 24, 2025

8-K filing: Veris Health Inc., a majority owned subsidiary of PAVmed Inc., sold 1,785,714 shares of common stock and warrants to purchase 1,785,714 shares of common stock at $1.40 per share, generating gross proceeds of approximately $2.5 million. ($2.5M proceeds)

17M 4M
May 15, 2025

10-Q filing | 17.1M shares outstanding

17M 4M
Apr 11, 2025

S-3/A filing: PAVmed Inc. is offering common stock, preferred stock, warrants, debt securities and/or units comprised of one or more of the other classes of securities offered hereby, at an aggregate initial offering price not to exceed $125,000,000.

17M 4M
Apr 11, 2025

8-K filing: Lucid Diagnostics Inc., a subsidiary of PAVmed Inc., closed the sale of 14,375,000 shares of its common stock at $1.20 per share in an underwritten public offering, resulting in net proceeds of approximately $16.1 million. ($17.25M proceeds)

17M 4M
Apr 10, 2025

S-3/A filing: PAVmed Inc. is offering common stock, preferred stock, warrants, debt securities and/or units comprised of one or more of the other classes of securities offered hereby, at an aggregate initial offering price not to exceed $125,000,000.

17M 4M
Apr 08, 2025

S-3 filing: This S-3 filing relates to the potential offer and sale from time to time of 3,331,084 shares of the company's common stock by selling stockholders.

17M 4M
Mar 24, 2025

10-K filing | 11.5M shares outstanding

12M 620K
Mar 10, 2025

8-K filing: Lucid Diagnostics Inc., a subsidiary of PAVmed Inc., closed on the sale of 13,939,331 shares of its common stock at a price of $1.10 per share, with estimated net proceeds of approximately $14.5 million. ($15.33M proceeds)

10M 620K
Feb 21, 2025

8-K filing: PAVmed Inc. completed an offering on February 21, 2025, selling 2,574,350 shares of common stock and pre-funded warrants to purchase 756,734 shares of common stock at $0.7115 per share, generating gross proceeds of $2.37 million, to be used for development activities and general working capital purposes. ($2.37M proceeds)

10M 620K
Jan 24, 2025

8-K filing: The company consummated the sale of 2,653 shares of its Series C Convertible Preferred Stock for approximately $2.653 million through the cancellation of certain unsecured debt obligations. ($2.65M proceeds)

10M 620K
Jan 21, 2025

8-K filing: PAVmed Inc. consummated the exchange of $22,347,543 in principal amount of its outstanding Senior Secured Convertible Notes for 22,347 shares of its Series C Convertible Preferred Stock.

10M 620K
Dec 20, 2024

S-3 filing: PAVmed Inc. files an S-3 to offer and sell shares of common stock, preferred stock, warrants, debt securities, and/or units with an aggregate initial offering price not to exceed $125,000,000.

10M 620K
Nov 21, 2024

8-K filing: PAVmed Inc. entered into a Debt Exchange Agreement to exchange Convertible Notes for Series C Preferred Stock and a Securities Purchase Agreement for the purchase of additional Series C Preferred Stock, both transactions are contingent on stockholder approval. ($25.0M proceeds)

10M 620K
Nov 14, 2024

10-Q filing | 10.0M shares outstanding

10M 620K
Aug 12, 2024

10-Q filing | 9.2M shares outstanding

9.2M 620K
May 13, 2024

10-Q filing | 8.7M shares outstanding

8.7M 620K
May 07, 2024

8-K filing: Lucid Diagnostics Inc., a subsidiary of PAVmed Inc., entered into subscription agreements for the sale of approximately 11,634 shares of Series B-1 Convertible Preferred Stock at $1,000 per share, resulting in gross proceeds of approximately $11.6 million. ($11.6M proceeds)

9.2M 620K
Mar 25, 2024

10-K filing | 9.2M shares outstanding

9.2M 620K
Mar 14, 2024

8-K filing: Lucid Diagnostics, a subsidiary of PAVmed Inc., completed a Series B Offering and Exchange on March 13, 2024, involving the sale and exchange of Series B, Series A, and Series A-1 Convertible Preferred Stock with accredited investors. ($18.17M proceeds)

7.5M 620K
Feb 09, 2024

8-K filing: PAVmed Inc. distributed approximately 3,331,771 shares of common stock of Lucid Diagnostics Inc. to its stockholders through a special pro rata dividend, representing approximately 6.9% of Lucid Diagnostics' common stock outstanding.

7.5M 620K
Jan 30, 2024

8-K filing: PAVmed Inc. elected to receive payment of $4,675,256 of fees and reimbursements due from Lucid Diagnostics Inc. through the issuance to the Company of 3,331,771 shares of Lucid Diagnostics' common stock. ($4.68M proceeds)

7.5M 620K
Dec 07, 2023
Stock Split

8-K filing: Stock split 1-for-15 | Outstanding: 111,941,269 → 7,462,751

7.5M 620K
Nov 13, 2023

10-Q filing | 111.9M shares outstanding

110M 9.3M
Oct 18, 2023

8-K filing: Lucid Diagnostics, a subsidiary of PAVmed Inc., sold 5,000 shares of Series A-1 Convertible Preferred Stock at $1,000 per share for gross proceeds of $5.0 million in a private placement that closed on October 18, 2023. ($5.0M proceeds)

100M 9.3M
Aug 14, 2023

10-Q filing | 104.3M shares outstanding

100M 9.3M
Jun 06, 2023

8-K filing: PAVmed Inc. agreed to issue 1,500,000 shares of its common stock to Sunrise Labs, Inc. in payment of a $750,000 non-refundable advance payment for continued development of the Veris Health implantable physiologic monitor. ($0.75M proceeds)

97M 9.3M
May 15, 2023

10-Q filing | 97.1M shares outstanding

97M 9.3M
Mar 14, 2023

10-K filing | 89.1M shares outstanding

89M 9.3M
Mar 13, 2023

8-K filing: Lucid Diagnostics Inc. sold 13,625 shares of Series A Convertible Preferred Stock at $1,000 per share in a private placement for gross proceeds of $13.625 million, closing on March 7, 2023. ($13.63M proceeds)

90M 9.3M
Nov 14, 2022

10-Q filing | 89.8M shares outstanding

90M 9.3M
Aug 15, 2022

10-Q filing | 87.0M shares outstanding

87M 9.3M
May 16, 2022

10-Q filing | 86.3M shares outstanding

86M 9.3M
Apr 06, 2022

10-K filing | 87.7M shares outstanding

88M 9.3M
Apr 01, 2022

8-K filing: Lucid Diagnostics Inc. entered into a Common Stock Purchase Agreement with CF Principal Investments LLC, relating to a committed equity facility, where Lucid has the right to sell up to $50.0 million in shares of Lucid's common stock to Cantor. ($50.0M proceeds)

88M 9.3M
Nov 22, 2021

10-Q filing | 87.9M shares outstanding

88M 9.3M
Aug 16, 2021

10-Q filing | 84.8M shares outstanding

85M 9.3M
Jun 02, 2021

8-K filing: PAVmed Inc., through its subsidiary Veris Health Inc., acquired Oncodisc Inc. by issuing approximately 19.6% of Veris' equity interests to Oncodisc Holdings in exchange for all of Oncodisc's outstanding equity interests.

84M 9.3M
May 17, 2021

10-Q filing | 83.9M shares outstanding

84M 9.3M
Mar 15, 2021

10-K filing | 40.5M shares outstanding

40M 9.3M
Feb 24, 2021

8-K filing: PAVmed Inc. entered into an underwriting agreement with Cantor Fitzgerald & Co. for a public offering of 9,782,609 shares of common stock, with an option for the underwriter to purchase up to 1,467,391 additional shares, expecting net proceeds of approximately $41.2 million to repay debt and for working capital. ($41.2M proceeds)

40M 9.3M
Jan 06, 2021

8-K filing: PAVmed Inc. entered into a placement agency agreement with Maxim Group LLC and subscription agreements with investors to sell 6,000,000 shares of common stock at $2.24 per share, for gross proceeds of $13,440,000, with the offering expected to close on or about January 8, 2021. ($13.44M proceeds)

40M 9.3M
Dec 22, 2020

8-K filing: PAVmed Inc. closed on the sale of 5,062,500 shares of its common stock at a price of $1.60 per share. ($8.0M proceeds)

40M 9.3M
Dec 18, 2020

8-K filing: PAVmed Inc. entered into subscription agreements to sell 5,062,500 shares of common stock at $1.60 per share, with gross proceeds of $8,100,000, in a completed offering expected to close on or about December 22, 2020. ($8.1M proceeds)

40M 9.3M
Dec 11, 2020

8-K filing: PAVmed Inc. entered into a placement agency agreement and subscription agreements for an offering of 5,585,000 shares of its common stock at $1.60 per share, resulting in aggregate gross proceeds of $8,936,000, with the offering expected to close on or about December 15, 2020. ($8.94M proceeds)

40M 9.3M
Nov 06, 2020

10-Q filing | 40.5M shares outstanding

40M 9.3M
Sep 10, 2020

S-3 filing: PAVmed Inc. is offering shares of common stock, shares of preferred stock, warrants, debt securities and/or units comprised of one or more of the other classes of securities offered hereby, at an aggregate initial offering price not to exceed $75,000,000.

50M 9.3M
Aug 14, 2020

10-Q filing | 49.6M shares outstanding

50M 9.3M
May 28, 2020

10-Q filing | 46.9M shares outstanding

47M 9.3M
Apr 14, 2020

10-K filing | 40.5M shares outstanding

40M 9.3M
Mar 30, 2020

S-3/A filing: This S-3/A filing covers up to 9,295,510 shares of common stock that may be offered for resale by selling stockholders. The company will not receive any proceeds from the sale of these shares.

44M 9.3M
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