SAB Biotherapeutics, Inc. (SABS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 505.25% of current shares
Recent Dilution: 426.39% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
76M
Potential Supply
390M
Additional shares possible
Splits
None
Past 2 years

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

Outstanding Shares
Total Supply

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
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