SAB Biotherapeutics, Inc. (SABS) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
SABS currently has 76.5M outstanding shares. with significant dilution risk as 386M authorized shares could dilute existing holders by 505.2%. The company has significantly diluted shareholders by 426.39% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 12, 2026 |
10-Q filing | 76.5M shares outstanding |
76M | 390M |
| Mar 09, 2026 |
10-K filing | 51.0M shares outstanding |
51M | 390M |
| Dec 29, 2025 |
S-3 filing: The filing is an S-3 form indicating the company may offer and sell up to $300,000,000 of any combination of common stock, preferred stock, or debt securities from time to time. |
48M | 390M |
| Sep 02, 2025 |
S-3 filing: This prospectus relates to the offer and resale, from time to time, by the selling stockholders of up to 250,000,000 shares of the Company's common stock. |
10M | 290M |
| Aug 07, 2025 |
10-Q filing | 10.4M shares outstanding |
10M | 43M |
| Jul 21, 2025 |
8-K filing: SAB Biotherapeutics, Inc. entered into a securities purchase agreement to issue and sell 1,000,000 shares of Series B Convertible Preferred Stock and warrants to purchase Preferred Stock for gross proceeds of approximately $175 million. ($175.0M proceeds) |
9.3M | 43M |
| May 09, 2025 |
10-Q filing | 9.3M shares outstanding |
9.3M | 43M |
| Mar 31, 2025 |
10-K filing | 9.3M shares outstanding |
9.3M | 43M |
| Nov 06, 2024 |
10-Q filing | 9.3M shares outstanding |
9.3M | 43M |
| Aug 08, 2024 |
10-Q filing | 9.3M shares outstanding |
9.3M | 43M |
| May 20, 2024 |
10-Q filing | 9.2M shares outstanding |
9.2M | 43M |
| Mar 29, 2024 |
10-K filing | 9.2M shares outstanding |
9.2M | 43M |
| Jan 05, 2024 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 52,406,002 → 9 |
9 | 43M |
| Nov 20, 2023 |
S-3/A filing: This S-3/A filing registers for resale up to 344,626,967 shares of common stock by selling stockholders, including shares issuable upon conversion of preferred stock and exercise of warrants. |
52M | 430M |
| Nov 13, 2023 |
10-Q filing | 52.4M shares outstanding |
52M | 500M |
| Nov 03, 2023 |
S-3 filing: This prospectus relates to the offer and resale, from time to time, by the selling stockholders of up to 412,698,389 shares of the Company's common stock. |
50M | 500M |
| Oct 02, 2023 |
8-K filing: SAB Biotherapeutics, Inc. entered into a securities purchase agreement to issue and sell 7,500 shares of Series A-1 Convertible Preferred Stock for $7.5 million, along with warrants to purchase Series A-3 Preferred Stock. ($7.5M proceeds) |
50M | 84M |
| Aug 21, 2023 |
10-Q filing | 50.4M shares outstanding |
50M | 84M |
| Aug 21, 2023 |
S-3 filing: This prospectus relates to the resale by the selling securityholder identified in this prospectus of up to 1,916,894 shares of our common stock. |
50M | 84M |
| Jul 10, 2023 |
POS AM filing: This prospectus relates to the resale by the selling securityholder identified in this prospectus of up to 2,216,894 shares of our common stock. |
50M | 82M |
| May 15, 2023 |
10-Q filing | 50.4M shares outstanding |
50M | 82M |
| May 09, 2023 |
S-3 filing: The company intends to offer and sell up to $50,000,000 of any combination of common stock, preferred stock, debt securities, warrants, rights or units from time to time. |
36M | 82M |
| May 01, 2023 |
S-3 filing: SAB Biotherapeutics, Inc. files an S-3 form relating to the resale of up to 300,000 shares of common stock by the selling securityholder. |
50M | 25M |
| Apr 14, 2023 |
10-K filing | 50.4M shares outstanding |
50M | 25M |
| Feb 03, 2023 |
S-3 filing: This is an S-3 filing for the resale of up to 14,726,754 shares of common stock, including shares issuable upon the exercise of warrants, by selling stockholders. |
43M | 25M |
| Feb 03, 2023 |
POS AM filing: This prospectus relates to the issuance of up to 5,958,600 shares of our common stock upon exercise of warrants and the offer and sale from time to time of up to 9,960,241 shares of Common Stock by the selling securityholders. |
43M | 25M |
| Dec 12, 2022 |
8-K filing: SAB Biotherapeutics, Inc. completed a private placement offering, selling 7,363,377 shares of common stock and warrants to purchase up to 7,363,377 shares at a combined price of $1.08 per share and accompanying warrant, resulting in gross proceeds of approximately $8.0 million. ($8.0M proceeds) |
43M | 10M |
| Nov 14, 2022 |
10-Q filing | 43.0M shares outstanding |
43M | 10M |
| Aug 23, 2022 |
S-1 filing: S-1 filing for shares of common stock and warrants to purchase common stock. |
43M | 10M |
| Aug 10, 2022 |
10-Q filing | 43.0M shares outstanding |
43M | 10M |
| May 12, 2022 |
10-Q filing | 43.1M shares outstanding |
43M | 10M |
| Apr 20, 2022 |
POS AM filing: This is a POS AM filing for the issuance of common stock upon exercise of warrants and the offer and sale of common stock by selling securityholders. |
43M | 10M |
| Mar 29, 2022 |
10-K filing | 43.0M shares outstanding |
43M | 30M |
| Dec 03, 2021 |
S-1 filing: S-1 filing for the issuance of up to 14,434,301 shares of common stock and up to 5,958,600 shares of common stock issuable upon exercise of warrants. |
43M | 30M |
| Nov 22, 2021 |
10-Q filing | 43.5M shares outstanding |
43M | 10M |
| Oct 12, 2021 |
8-K filing: Big Cypress Acquisition Corp. entered into a Forward Share Purchase Agreement with Radcliffe SPAC Master Fund, L.P., where Radcliffe may sell up to 1,390,000 shares of the Company's common stock to the Company at $10.10 per share, subject to certain conditions. |
15M | 10M |
| Aug 16, 2021 |
8-K filing: Big Cypress Acquisition Corp. amended its business combination agreement with SAB Biotherapeutics, Inc., modifying terms for the merger and earnout shares. |
15M | 10M |
| Aug 09, 2021 |
10-Q filing | 14.8M shares outstanding |
15M | 10M |
| May 21, 2021 |
10-Q filing | 14.8M shares outstanding |
15M | 10M |
| Apr 02, 2021 |
10-K filing | 14.8M shares outstanding |
15M | 10M |
| Jan 21, 2021 |
8-K filing: Big Cypress Acquisition Corp. consummated its initial public offering of 11,500,000 units at $10.00 per unit, generating gross proceeds of $115,000,000, and simultaneously consummated a private placement of 417,200 units at $10.00 per unit, generating total proceeds of $4,172,000. ($119.17M proceeds) |
2.9M | 10M |
| Jan 07, 2021 |
S-1/A filing: This S-1/A filing describes an offering of 10,000,000 units at $10.00 per unit, each unit consisting of one share of common stock and one half of one redeemable warrant. |
2.9M | 10M |
| Jan 04, 2021 |
S-1/A filing: S-1/A filing for a blank check company offering 10,000,000 units at $10.00 per unit, each unit consisting of one share of common stock and one half of one redeemable warrant. |
2.9M | 10M |
| Dec 07, 2020 |
S-1 filing: Initial public offering of units, each consisting of one share of common stock and one half of one redeemable warrant, for a blank check company targeting the life sciences industry. |
2.2M | 7.7M |