RenovoRx, Inc. (RNXT) - 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: 124.34% of current shares
Recent Dilution: 73.56% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
45M
Potential Supply
56M
Additional shares possible
Splits
None
Past 2 years

Summary

RNXT currently has 45.1M outstanding shares. with significant dilution risk as 56.1M authorized shares could dilute existing holders by 124.3%. The company has significantly diluted shareholders by 73.56% 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 | 45.1M shares outstanding

45M 56M
Apr 16, 2026

S-3 filing: This prospectus relates to the resale by the selling stockholders named herein, including their transferees, assigns, pledgees or donees, or their respective successors, of an aggregate of up to 8,438,790 shares of our common stock, 2,200,000 shares of our common stock issuable upon exercise of pre-funded warrants and 5,319,392 shares of our common stock issuable upon the exercise of revenue milestone warrants.

45M 56M
Mar 30, 2026

10-K filing | 45.1M shares outstanding

45M 40M
Mar 23, 2026

8-K filing: RenovoRx, Inc. closed a private placement offering on March 20, 2026, selling 8,438,790 shares of common stock, pre-funded warrants for 2,200,000 shares, and revenue milestone warrants for 5,319,392 shares to accredited investors for gross proceeds of approximately $10 million. ($10.0M proceeds)

37M 40M
Nov 14, 2025

S-3 filing: RenovoRx, Inc. is filing a shelf registration statement on Form S-3 to offer and sell, either individually or in combination, various securities including common stock, preferred stock, purchase contracts, warrants, subscription rights, depositary shares, and debt securities, for total gross proceeds of up to $50,000,000.

37M 40M
Nov 13, 2025

10-Q filing | 36.6M shares outstanding

37M 40M
May 15, 2025

10-Q filing | 36.6M shares outstanding

37M 40M
Apr 01, 2025

10-K filing | 36.5M shares outstanding

37M 40M
Feb 10, 2025

8-K filing: RenovoRx, Inc. entered into an underwriting agreement to sell 11,523,810 shares of common stock at $1.05 per share in a firm commitment underwritten public offering, with expected net proceeds of approximately $10.9 million, and will issue warrants to the underwriter to purchase 576,191 shares of common stock at an exercise price of $1.21 per share. ($12.1M proceeds)

25M 40M
Nov 13, 2024

10-Q filing | 24.9M shares outstanding

25M 40M
Aug 13, 2024

10-Q filing | 24.0M shares outstanding

24M 40M
May 10, 2024

10-Q filing | 24.0M shares outstanding

24M 40M
Apr 26, 2024

S-3 filing: This S-3 filing is for the resale of common stock, pre-funded warrants, Series A warrants, Series B warrants and placement agent warrants held by selling stockholders.

17M 40M
Apr 19, 2024

S-3 filing: This is an S-3 filing for the resale of common stock, warrant shares and PA warrant shares by selling stockholders.

17M 20M
Apr 15, 2024

8-K filing: RenovoRx, Inc. closed a private placement offering on April 11, 2024, issuing 6,960,864 shares of common stock, pre-funded warrants for 951,500 shares, Series A warrants for 7,912,364 shares, Series B warrants for 3,956,182 shares, and Placement Agent warrants for 701,243 shares, raising gross proceeds of approximately $11.1 million. ($11.1M proceeds)

17M 6.3M
Apr 09, 2024

8-K filing: RenovoRx, Inc. entered into subscription agreements for a private placement offering to sell 7,912,364 shares of common stock, Series A Warrants to purchase up to 7,912,364 shares, and Series B Warrants to purchase up to 3,956,182 shares at a price of $1.4075 per share and related warrants. ($11.14M proceeds)

17M 6.3M
Apr 01, 2024

10-K filing | 16.9M shares outstanding

17M 6.3M
Jan 29, 2024

8-K filing: RenovoRX, Inc. closed a private placement offering on January 26, 2024, selling 6,133,414 shares of common stock and warrants for gross proceeds of $6,111,695. ($6.11M proceeds)

11M 6.3M
Nov 13, 2023

10-Q filing | 10.7M shares outstanding

11M 6.3M
Aug 16, 2023

10-Q filing | 10.7M shares outstanding

11M 6.3M
May 12, 2023

10-Q filing | 10.1M shares outstanding

10M 6.3M
May 12, 2023

S-3 filing: The filing is for the resale of up to 1,947,040 shares of common stock issuable upon the exercise of warrants by the selling stockholder, Armistice Capital Master Fund Ltd. The company will not receive any proceeds from the sale of common stock, except for funds received from the exercise of warrants.

9.1M 6.3M
Apr 03, 2023

8-K filing: RenovoRx, Inc. entered into a securities purchase agreement to sell 1,000,000 shares of common stock and pre-funded warrants to purchase up to 557,632 shares of common stock in a registered direct offering, and also agreed to issue unregistered warrants to purchase up to 1,947,040 shares of common stock in a concurrent private placement, with the closing of the offerings taking place on April 3, 2023, and aggregate proceeds of approximately $5.00 million.

9.1M 4.4M
Mar 31, 2023

10-K filing | 9.1M shares outstanding

9.1M 4.4M
Nov 14, 2022

10-Q filing | 9.1M shares outstanding

9.1M 4.4M
Nov 10, 2022

S-3 filing: This is an S-3 filing to register an offering of common stock, preferred stock, debt securities and purchase contracts with an aggregate offering price not to exceed $50,000,000.

9.1M 4.4M
Nov 10, 2022

S-1 filing: The company filed an S-1 relating to its initial public offering of units, with each unit consisting of one share of common stock and one warrant. The underwriters also had an over-allotment option to purchase additional shares or warrants. Underwriters were issued a warrant to purchase common stock.

9.1M 4.4M
Aug 12, 2022

10-Q filing | 9.1M shares outstanding

9.1M 2.1M
May 13, 2022

10-Q filing | 9.0M shares outstanding

9M 2.1M
Mar 30, 2022

10-K filing | 9.0M shares outstanding

9M 2.1M
Nov 15, 2021

10-Q filing | 8.9M shares outstanding

8.9M 2.1M
Aug 25, 2021

S-1/A filing: RenovoRx, Inc. is offering 1,800,000 units, each consisting of one share of common stock and one warrant to purchase one share of common stock and 1,800,000 pre-funded units, each consisting of a pre-funded warrant to purchase one share of common stock and one warrant to purchase one share of common stock in its initial public offering.

2.3M 2.1M
Aug 19, 2021

S-1/A filing: Initial public offering of up to 1,850,000 Units, each consisting of one share of common stock and three-quarter warrant to purchase one share of common stock, and up to 1,850,000 Pre-funded Units, each consisting of a pre-funded warrant to purchase one share of common stock and three-quarter warrant to purchase one share of common stock.

2.3M 1.9M
Aug 12, 2021

S-1/A filing: Initial public offering of up to 1,850,000 units, each consisting of one share of common stock and three-quarter warrant to purchase one share of common stock, and up to 1,850,000 pre-funded units, each consisting of a pre-funded warrant to purchase one share of common stock and three-quarter warrant to purchase one share of common stock.

2.3M 4M
Aug 05, 2021

S-1/A filing: RenovoRx, Inc. is offering 1,550,000 units of securities in an initial public offering, with an anticipated initial public offering price between $12.00 and $14.00 per unit.

2.3M 1.7M
Jul 21, 2021

S-1 filing: RenovoRx, Inc. is filing an S-1 form for an initial public offering of units, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock, with Roth Capital Partners, LLC as the underwriter.

N/A 18M
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