PDS Biotechnology Corp (PDSB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 353.41% of current shares
Recent Dilution: 46.6% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
55M
Potential Supply
200M
Additional shares possible
Splits
None
Past 2 years

Summary

PDSB currently has 55.5M outstanding shares. with significant dilution risk as 196M authorized shares could dilute existing holders by 353.4%. The company has significantly diluted shareholders by 46.6% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 55.5M shares outstanding

55M 200M
May 01, 2026

8-K filing: PDS Biotechnology Corporation entered into a Securities Purchase Agreement with YA II PN, LTD. for a promissory note and a warrant to purchase common stock, with transactions expected to close around June 12, 2026.

56M 200M
Mar 30, 2026

10-K filing | 55.8M shares outstanding

56M 200M
Nov 13, 2025

10-Q filing | 46.9M shares outstanding

47M 200M
Nov 12, 2025

8-K filing: PDS Biotechnology Corporation entered into a securities purchase agreement for the sale and issuance of shares of common stock, pre-funded warrants, and common warrants, with an expected closing on November 12, 2025. ($5.28M proceeds)

46M 200M
Aug 29, 2025

S-3 filing: PDS Biotechnology Corporation is filing an S-3 form to register the offering and selling, from time to time, in one or more offerings, shares of common stock, shares of preferred stock, debt securities, warrants or units that include any of these securities, or rights to purchase shares of common stock, shares of preferred stock, debt securities or units, with an aggregate initial offering price of up to $200,000,000.

46M 200M
Aug 13, 2025

10-Q filing | 45.9M shares outstanding

46M 40M
May 27, 2025

S-3 filing: This prospectus relates to the resale, from time to time, of up to 9,818,340 shares of our common stock by the selling stockholders identified in this prospectus.

46M 40M
May 14, 2025

10-Q filing | 45.7M shares outstanding

46M 30M
May 02, 2025

8-K filing: PDS Biotechnology Corporation entered into a Securities Purchase Agreement to sell Senior Secured Convertible Debentures and warrants for a total purchase price of $20,000,000 and the transactions were consummated on April 30, 2025.

45M 30M
Mar 27, 2025

10-K filing | 45.4M shares outstanding

45M 30M
Feb 28, 2025

8-K filing: PDS Biotechnology Corporation entered into a securities purchase agreement for the sale and issuance of common stock, pre-funded warrants, and common warrants, resulting in expected gross proceeds of approximately $11 million, intended for research and development expenses, and general corporate purposes.

37M 30M
Nov 14, 2024

10-Q filing | 36.8M shares outstanding

37M 30M
Aug 13, 2024

10-Q filing | 36.7M shares outstanding

37M 30M
May 15, 2024

10-Q filing | 34.8M shares outstanding

35M 30M
Mar 28, 2024

10-K filing | 36.7M shares outstanding

37M 30M
Nov 14, 2023

10-Q filing | 30.9M shares outstanding

31M 30M
Aug 14, 2023

10-Q filing | 30.8M shares outstanding

31M 30M
May 15, 2023

10-Q filing | 30.4M shares outstanding

30M 30M
Mar 28, 2023

10-K filing | 28.6M shares outstanding

29M 30M
Jan 03, 2023

8-K filing: PDS Biotechnology Corporation entered into a License Agreement with Merck KGaA, Darmstadt, Germany, and issued 378,787 shares of its common stock to Merck KGaA in a private placement for $5.0 million. ($5.0M proceeds)

28M 30M
Nov 14, 2022

10-Q filing | 28.5M shares outstanding

28M 30M
Aug 24, 2022

8-K filing: PDS Biotechnology Corporation entered into a Venture Loan and Security Agreement and issued warrants to Horizon Technology Finance Corporation and Powerscourt Investments XXV, LP to purchase an aggregate of 381,625 shares of common stock at an exercise price of $3.6685 per share, and also entered into an At Market Issuance Sales Agreement with B. Riley Securities, Inc. and BTIG, LLC to offer and sell shares of its common stock having an aggregate offering price of up to $50.0 million.

28M 30M
Aug 24, 2022

S-3 filing: PDS Biotechnology Corporation may offer and sell shares of common stock, shares of preferred stock, debt securities, warrants or units that include any of these securities, or rights to purchase shares of common stock, shares of preferred stock, debt securities or units, with an aggregate initial offering price of up to $150,000,000.

28M 30M
Aug 08, 2022

10-Q filing | 28.5M shares outstanding

28M 0
May 11, 2022

10-Q filing | 26.2M shares outstanding

26M 0
Mar 31, 2022

10-K filing | 28.4M shares outstanding

28M 0
Nov 10, 2021

10-Q filing | 28.4M shares outstanding

28M 0
Aug 12, 2021

10-Q filing | 28.4M shares outstanding

28M 0
May 13, 2021

10-Q filing | 22.3M shares outstanding

22M 0
Mar 18, 2021

10-K filing | 22.3M shares outstanding

22M 0
Nov 13, 2020

10-Q filing | 5.3M shares outstanding

5.3M 0
Aug 13, 2020

8-K filing: PDS Biotechnology Corporation completed an offering of 6,900,000 shares of common stock at $2.75 per share, resulting in gross proceeds of approximately $19.0 million. ($19.0M proceeds)

15M 0
Aug 13, 2020

10-Q filing | 5.2M shares outstanding

5.2M 0
Jul 22, 2020

S-3 filing: PDS Biotechnology Corporation is filing an S-3 to offer and sell shares of common stock, preferred stock, debt securities, warrants, units, or rights to purchase these securities, with an aggregate initial offering price of up to $100,000,000.

15M 0
May 13, 2020

10-Q filing | 15.4M shares outstanding

15M 0
Mar 27, 2020

10-K filing | 15.3M shares outstanding

15M 0
Feb 14, 2020

8-K filing: PDS Biotechnology Corporation completed an offering of 9,230,770 shares of common stock at $1.30 per share, with certain members of management and NetScientific plc purchasing shares in the offering, resulting in approximately $11 million in net proceeds. ($11.0M proceeds)

N/A 0
Jan 31, 2020

S-1/A filing: PDS Biotechnology Corporation files an S-1/A registration statement for the sale of up to $13,800,000 of common stock.

N/A 0
Jan 17, 2020

S-1/A filing: This is an S-1/A filing for a common stock offering underwritten by A.G.P./Alliance Global Partners, including firm securities and an over-allotment option.

N/A 0
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