RENOVARO INC. (RENB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 22, 2026

Risk Assessment Details

Potential Dilution: 100.45% of current shares
Recent Dilution: 940.79% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
2.8M
Potential Supply
2.8M
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

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

Outstanding Shares
Total Supply

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
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