RENOVARO INC. (RENB) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
RENB currently has 2.82M outstanding shares. with significant dilution risk as 2.83M authorized shares could dilute existing holders by 100.5%. The company has significantly diluted shareholders by 940.79% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 22, 2026 |
Stock Split
8-K filing: Stock split 1-for-8 | Outstanding: 22,520,245 → 2,815,030 |
2.8M | 2.8M |
| Mar 30, 2026 |
8-K filing: Lunai Bioworks, Inc. exchanged debt for common stock and warrants, and entered into an agreement to acquire assets through a strategic investment. ($0.83M proceeds) |
23M | 23M |
| Nov 25, 2025 |
8-K filing: Lunai Bioworks Inc. entered into a securities purchase agreement to sell 3,133,333 shares of common stock at $1.00 per share and 1,044,444 warrants for gross proceeds of $3,133,333. ($3.13M proceeds) |
23M | 23M |
| Nov 14, 2025 |
10-Q filing | 22.5M shares outstanding |
23M | 23M |
| Sep 29, 2025 |
10-K filing | 231.8M shares outstanding |
230M | 0 |
| Sep 29, 2025 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 163,930,470 → 23,178,096 |
23M | 22M |
| Jul 09, 2025 |
8-K filing: Renovaro Inc. exchanged $9.7 million in secured promissory notes for $16.1 million in new convertible promissory notes, and subsequently issued 53.6 million shares of common stock upon conversion of the convertible notes at $0.30 per share. |
160M | 290M |
| May 15, 2025 |
10-Q filing | 163.9M shares outstanding |
160M | 290M |
| Apr 10, 2025 |
8-K filing: Renovaro, Inc. issued 15.0 million shares of its common stock to the former stockholders of Biosymetrics, Inc. in connection with the consummation of the Transaction on April 8, 2025. |
160M | 290M |
| Mar 06, 2025 |
8-K filing: Renovaro acquired 467,290 shares of Predictive Oncology's common stock for $500,000 and agreed to purchase an additional 901,298 shares for $964,389 upon the execution of a definitive agreement related to the proposed acquisition of Predictive Oncology by Renovaro. ($1.46M proceeds) |
160M | 290M |
| Feb 28, 2025 |
8-K filing: Renovaro, Inc. will issue 15 million shares of its common stock to the stockholders of Biosymetrics, Inc. as consideration for the merger, with 3 million shares held in escrow for one year. |
160M | 290M |
| Feb 19, 2025 |
10-Q filing | 161.8M shares outstanding |
160M | 290M |
| Jan 07, 2025 |
8-K filing: Renovaro Inc. entered into a binding letter of intent with Predictive Oncology Inc. for Predictive Oncology to be acquired by Renovaro in exchange for preferred stock of Renovaro. ($2.49M proceeds) |
160M | 290M |
| Nov 14, 2024 |
10-Q filing | 156.6M shares outstanding |
160M | 290M |
| Oct 30, 2024 |
S-3 filing: Renovaro Inc. files an S-3 form to offer common stock, warrants, or a combination of these securities, or units, up to a total offering price of $200,000,000. |
120M | 330M |
| Oct 10, 2024 |
10-K filing | 156.2M shares outstanding |
160M | 0 |
| Jun 21, 2024 |
8-K filing: Renovaro Inc. closed a private placement of 6,421,256 units, each consisting of one share of common stock and one warrant to purchase one-tenth of a share of common stock, for a combination of cash and the surrender of convertible promissory notes. ($6.35M proceeds) |
150M | 0 |
| May 15, 2024 |
10-Q filing | 147.5M shares outstanding |
150M | 0 |
| Feb 14, 2024 |
8-K filing: Renovaro Inc. reports the closing of a transaction triggering the conversion of Series A Convertible Preferred Stock into 5,610,100 shares of Common Stock, resulting in a total of 143,668,372 shares of Common Stock outstanding. The company also changed its name from 'Renovaro Biosciences Inc.' to 'Renovaro Inc.' |
140M | 0 |
| Feb 14, 2024 |
10-Q filing | 143.7M shares outstanding |
140M | 0 |
| Nov 14, 2023 |
10-Q filing | 64.5M shares outstanding |
64M | 0 |
| Oct 02, 2023 |
10-K filing | 65.7M shares outstanding |
66M | 0 |
| Aug 07, 2023 |
8-K filing: Renovaro Biosciences Inc. closed a private placement of units consisting of preferred stock and warrants, raising $2,000,000 in cash and converting $2,000,000 of promissory notes into additional units, and filed the Certificate of Designation for the Series A Convertible Preferred Stock. ($4.0M proceeds) |
58M | 980K |
| Jun 28, 2023 |
8-K filing: Enochian Biosciences Inc. closed a private placement of 2,454,382 shares of common stock and 1,227,191 warrants at $0.53 per share, for gross proceeds of $1,300,822, and also converted $1,200,000 of Amended and Restated Secured Notes into 2,264,150 shares of Common Stock and 1,132,075 Warrants. ($1.3M proceeds) |
58M | 980K |
| Jun 27, 2023 |
8-K filing: Enochian Biosciences Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, allowing the Company to sell up to $20,000,000 of its common stock over a 36-month term; the company issued 696,021 commitment shares to Lincoln Park as a fee. |
58M | 980K |
| May 12, 2023 |
10-Q filing | 58.3M shares outstanding |
58M | 980K |
| Apr 03, 2023 |
8-K filing: Enochian Biosciences Inc. closed a private placement of 2,178,070 shares of common stock and 1,089,036 common stock purchase warrants at a purchase price of $1.14 per share, for aggregate proceeds of $2,483,000. ($2.48M proceeds) |
56M | 3.6M |
| Mar 09, 2023 |
10-Q filing | 55.7M shares outstanding |
56M | 3.6M |
| Mar 07, 2023 |
10-Q filing | 55.7M shares outstanding |
56M | 3.6M |
| Feb 27, 2023 |
10-K filing | 55.7M shares outstanding |
56M | 3.6M |
| May 13, 2022 |
10-Q filing | 52.9M shares outstanding |
53M | 6.3M |
| Mar 03, 2022 |
S-3/A filing: Enochian BioSciences Inc. is offering shares of its common stock up to an aggregate amount of $100,000,000. |
53M | 6.6M |
| Feb 14, 2022 |
10-Q filing | 52.6M shares outstanding |
53M | 6.6M |
| Feb 11, 2022 |
S-3 filing: Enochian BioSciences Inc. may offer and sell shares of its common stock up to an aggregate amount of $100,000,000. |
52M | 7M |
| Nov 15, 2021 |
10-Q filing | 52.2M shares outstanding |
52M | 7M |
| Sep 24, 2021 |
10-K filing | 52.2M shares outstanding |
52M | 7M |
| Jul 23, 2021 |
8-K filing: Dr. Mark Dybul has been named Chief Executive Officer of Enochian Biosciences, Inc. and was awarded an option to purchase 3,000,000 shares of the Company's common stock. |
48M | 11M |
| Jun 16, 2021 |
8-K filing: Enochian Biosciences, Inc. entered into a securities purchase agreement to sell 3,866,668 shares of common stock in a registered direct offering for gross proceeds of approximately $29 million. ($29.0M proceeds) |
48M | 11M |
| May 17, 2021 |
10-Q filing | 47.8M shares outstanding |
48M | 11M |
| Mar 24, 2021 |
8-K filing: Enochian Biosciences, Inc. completed a private placement offering of 867,555 shares of its common stock at a purchase price of $3.92 per share, for aggregate proceeds to the Company of $3,400,800 on March 18, 2021. ($3.4M proceeds) |
48M | 11M |
| Feb 16, 2021 |
10-Q filing | 47.8M shares outstanding |
48M | 11M |
| Nov 12, 2020 |
10-Q filing | 46.6M shares outstanding |
47M | 13M |
| Sep 23, 2020 |
10-K filing | 46.6M shares outstanding |
47M | 13M |
| Jul 16, 2020 |
S-3/A filing: Enochian Biosciences, Inc. may offer and sell shares of its common stock up to an aggregate amount of $50,000,000 from time to time. |
46M | 13M |
| Jul 14, 2020 |
8-K filing: Enochian Biosciences Inc. entered into a purchase agreement with Lincoln Park Capital Fund, LLC, allowing the Company to sell up to $20,000,000 in shares of its common stock over a 36-month period. |
46M | 13M |
| Jul 13, 2020 |
S-3 filing: Enochian Biosciences, Inc. may offer and sell shares of its common stock up to an aggregate amount of $50,000,000 from time to time. |
46M | 13M |
| May 11, 2020 |
10-Q filing | 46.5M shares outstanding |
46M | 0 |
| Feb 10, 2020 |
10-Q filing | 46.3M shares outstanding |
46M | 0 |