REVIVA PHARMACEUTICALS HOLDINGS, INC. (RVPH) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 13, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 191.06% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
13M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

RVPH currently has 13.1M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 191.06% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 13, 2026

10-Q filing | 13.1M shares outstanding

13M 0
Mar 19, 2026

8-K filing: Reviva Pharmaceuticals Holdings, Inc. entered into agreements to sell and issue shares of common stock, pre-funded warrants, Series G warrants, and Series H warrants in a registered public offering, with expected gross proceeds of $10.0 million. ($10.0M proceeds)

120M 0
Dec 23, 2025

8-K filing: From October 1, 2025 through December 16, 2025, the Company issued a total of 19,794,000 shares of common stock upon the exercise of 19,794,000 common stock warrants, with exercise prices ranging between $0.335 and $0.50 per common stock warrant, and resulting in net proceeds of approximately $6.7 million; after giving effect to the warrant exercises, the Company had 116,849,932 shares of common stock outstanding as of December 16, 2025. ($6.7M proceeds)

120M 0
Nov 13, 2025

10-Q filing | 115.1M shares outstanding

120M 0
Sep 19, 2025

8-K filing: Reviva Pharmaceuticals Holdings, Inc. entered into agreements to sell and issue 27,000,000 shares of common stock, Series E warrants exercisable for up to 27,000,000 shares of common stock, and Series F warrants exercisable for up to 27,000,000 shares of common stock in a registered public offering, for aggregate gross proceeds of $9,045,000. ($9.05M proceeds)

49M 0
Jun 26, 2025

8-K filing: Reviva Pharmaceuticals Holdings, Inc. entered into agreements to sell and issue 20,000,000 shares of common stock, Series C warrants exercisable for up to 20,000,000 shares, and Series D warrants exercisable for up to 20,000,000 shares in a registered public offering for gross proceeds of $10.0 million. ($10.0M proceeds)

49M 0
May 15, 2025

10-Q filing | 48.6M shares outstanding

49M 0
Apr 03, 2025

10-K filing | 46.7M shares outstanding

47M 0
Dec 18, 2024

8-K filing: Reviva Pharmaceuticals Holdings, Inc. entered into an underwriting agreement to offer, issue, and sell 12,000,000 shares of common stock, Series A warrants for 6,000,000 shares, and Series B warrants for 12,000,000 shares, for gross proceeds of $18.0 million. ($18.0M proceeds)

34M 0
Nov 14, 2024

10-Q filing | 33.8M shares outstanding

34M 0
Aug 21, 2024

8-K filing: Reviva Pharmaceuticals Holdings, Inc. entered into an underwriting agreement for the offering, issuance, and sale of shares of common stock, pre-funded warrants, and warrants, with net proceeds expected to be approximately $4.1 million.

31M 0
Aug 14, 2024

10-Q filing | 30.6M shares outstanding

31M 0
May 29, 2024

8-K filing: Reviva Pharmaceuticals Holdings, Inc. entered into a securities purchase agreement to sell 1,898,734 shares of common stock and warrants to purchase 1,898,734 shares of common stock at a public offering price of $1.58 per share and $1.455 per warrant, with net proceeds expected to be approximately $3.0 million. ($3.0M proceeds)

30M 0
May 14, 2024

10-Q filing | 29.9M shares outstanding

30M 0
Apr 15, 2024

10-K filing | 27.9M shares outstanding

28M 0
Feb 02, 2024

S-3 filing: Reviva Pharmaceuticals Holdings, Inc. files an S-3 form to register the offering and sale of up to $200,000,000 aggregate offering price of common stock, preferred stock, warrants, debt securities, subscription rights and units.

24M 0
Nov 17, 2023

8-K filing: Reviva Pharmaceuticals Holdings, Inc. entered into a securities purchase agreement with healthcare-focused institutional investors and a Director Affiliate, to sell shares of common stock, pre-funded warrants, and warrants in a registered direct offering, with expected net proceeds of approximately $27.9 million. ($3.0M proceeds)

24M 0
Nov 14, 2023

10-Q filing | 24.0M shares outstanding

24M 0
Aug 14, 2023

10-Q filing | 22.4M shares outstanding

22M 0
Jun 23, 2023

8-K filing: Reviva Pharmaceuticals reports $5.7 million in gross proceeds from warrant exercises during Q2 2023, including $4.74 million from Common Warrants and $0.915 million from Investor Warrants, resulting in 22,650,266 shares of Common Stock outstanding as of June 14, 2023. ($5.66M proceeds)

23M 0
May 15, 2023

10-Q filing | 21.8M shares outstanding

22M 0
Mar 30, 2023

10-K filing | 19.5M shares outstanding

20M 0
Mar 30, 2023

POS AM filing: This prospectus relates to the resale from time to time, by the selling stockholders of (i) up to 3,359,684 shares of our common stock which the selling stockholders may acquire upon the exercise of outstanding warrants and (ii) up to 1,383,399 shares of Common Stock which the selling stockholders may acquire upon the exercise of outstanding pre-funded warrants.

19M 0
Nov 14, 2022

10-Q filing | 19.3M shares outstanding

19M 0
Oct 06, 2022

S-1 filing: This S-1 filing includes information on the resale of common stock issuable upon exercise of pre-funded warrants and common warrants issued in a registered direct offering and concurrent private placement.

20M 0
Sep 07, 2022

8-K filing: Reviva Pharmaceuticals Holdings, Inc. entered into agreements to sell shares of common stock and warrants in a registered direct offering and a concurrent private placement, expecting to close on or about September 8, 2022. ($8.5M proceeds)

18M 0
Aug 15, 2022

10-Q filing | 18.5M shares outstanding

18M 0
May 16, 2022

10-Q filing | 15.1M shares outstanding

15M 0
Mar 18, 2022

POS AM filing: This is a prospectus for the issuance of up to 6,881,313 shares of common stock upon warrant exercise and the offer and sale of up to 2,396,070 shares of common stock and up to 15,183 warrants by selling securityholders.

14M 0
Mar 18, 2022

POS AM filing: This prospectus relates to the issuance of common stock upon the exercise of previously issued warrants.

14M 0
Mar 15, 2022

10-K filing | 14.4M shares outstanding

14M 0
Jan 26, 2022

S-3 filing: Reviva Pharmaceuticals Holdings, Inc. files an S-3 form to offer and sell up to $150,000,000 in aggregate of common stock, preferred stock, debt securities, subscription rights and units, and an additional offering of common stock up to $12,900,000 through a sales agreement with H.C. Wainwright & Co., LLC.

13M 0
Nov 15, 2021

10-Q filing | 13.4M shares outstanding

13M 0
Aug 16, 2021

10-Q filing | 13.4M shares outstanding

13M 0
May 19, 2021

S-1/A filing: The company is offering 4,149,377 shares of common stock at a price determined by market conditions, with an indicated interest from Vedanta Associates, LP to purchase up to $2.0 million in shares.

9.2M 42K
May 17, 2021

10-Q filing | 9.2M shares outstanding

9.2M 0
May 12, 2021

POS AM filing: This is a POS AM filing registering the issuance of common stock upon exercise of public warrants and the resale of common stock and private warrants by selling securityholders.

9.2M 0
May 10, 2021

S-1/A filing: RVPH is offering 3,676,470 shares of common stock at a price of $5.44 per share.

9.2M 0
Apr 19, 2021

S-1 filing: RVPH is offering shares of its common stock. The common stock is listed on the Nasdaq Capital Market under the symbol "RVPH". On April 15, 2021, the closing price of the common stock was $4.22 per share. Vedanta Associates, LP has indicated an interest in purchasing an aggregate of up to a maximum of $2.0 million in shares of common stock in this offering at the public offering price.

9.2M 0
Mar 25, 2021

POS AM filing: This POS AM filing from 2021-03-25 registers the issuance of 6,325,000 shares of common stock upon exercise of public warrants, the resale of up to 3,443,417 shares of common stock (including shares from private warrants), and the resale of 556,313 private warrants by selling securityholders.

9.2M 0
Mar 22, 2021

10-K filing | 9.2M shares outstanding

9.2M 6.2M
Jan 14, 2021

10-Q filing | 9.2M shares outstanding

9.2M 6.2M
Jan 07, 2021

S-1/A filing: Reviva Pharmaceuticals Holdings, Inc. is registering the issuance of 6,325,000 shares of common stock upon exercise of public warrants and the resale of 3,443,417 shares of common stock and 556,313 private warrants by selling securityholders.

9.2M 6.2M
Dec 29, 2020

S-1 filing: Reviva Pharmaceuticals Holdings, Inc. is registering the issuance of common stock underlying public warrants and the resale of common stock and private warrants by selling securityholders.

9.2M 6.2M
Dec 18, 2020

8-K filing: Reviva Pharmaceuticals Holdings, Inc. completed a business combination, issued 300,000 shares of common stock to Maxim Partners, LLC, and adopted an amended and restated certificate of incorporation and a new Code of Business Conduct and Ethics. ($2.11M proceeds)

5.1M 0
Dec 14, 2020

8-K filing: Reviva Pharmaceuticals Holdings, Inc. consummated its business combination with Tenzing Acquisition Corp. on December 14, 2020, resulting in Reviva Pharmaceuticals Holdings, Inc. becoming the successor company. ($24.2M proceeds)

5.1M 0
Dec 09, 2020

8-K filing: Tenzing Acquisition Corp. entered into a Non-Redemption Agreement with a Shareholder, issuing 55,050 shares of common stock and transferring 343,000 Private Placement Warrants and 197,500 Working Capital Warrants in exchange for the Shareholder's agreement not to redeem 367,000 Ordinary Shares.

5.1M 0
Oct 27, 2020

8-K filing: Tenzing Acquisition Corp. entered into an additional backstop agreement with Reviva Pharmaceuticals, Inc. and an additional investor, pursuant to which such investor agrees to purchase 23,148 of the Company's ordinary shares in open market or private transactions, and the Company agreed to issue up to 2,314 shares of the Company in connection therewith.

5.1M 0
Oct 22, 2020

8-K filing: Tenzing Acquisition Corp. entered into backstop agreements with Reviva Pharmaceuticals, Inc., and certain investors, where the investors agreed to purchase 417,518 of the Company's ordinary shares in open market or private transactions and hold such shares and in exchange, the Company agreed to issue to the Backstop Investors for each ten (10) Backstop Shares that they purchase one (1) share of common stock of the Company.

5.1M 0
Oct 14, 2020

10-Q filing | 5.1M shares outstanding

5.1M 0
Jul 07, 2020

10-Q filing | 5.1M shares outstanding

5.1M 0
May 04, 2020

10-K filing | 7.7M shares outstanding

7.7M 0
Jan 10, 2020

10-Q filing | 8.3M shares outstanding

8.3M 0
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