Sunshine Biopharma Inc. (SBFM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 19, 2026

Risk Assessment Details

Potential Dilution: 489.76% of current shares
Recent Dilution: 209.23% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
4.9M
Potential Supply
24M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

SBFM currently has 4.91M outstanding shares. with significant dilution risk as 24M authorized shares could dilute existing holders by 489.8%. The company has significantly diluted shareholders by 209.23% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 19, 2026

8-K filing: Sunshine Biopharma Inc. completed a public offering of common units and pre-funded units, resulting in approximately $6 million in gross proceeds. ($6.0M proceeds)

4.9M 24M
May 13, 2026

10-Q filing | 4.9M shares outstanding

4.9M 24M
May 12, 2026

S-1 filing: The Company is conducting a best efforts secondary offering of units consisting of common stock and warrants, as well as pre-funded units consisting of pre-funded warrants and common warrants.

4.9M 24M
Apr 03, 2026

10-K filing | 4.9M shares outstanding

4.9M 24M
Nov 13, 2025

10-Q filing | 4.6M shares outstanding

4.6M 24M
Aug 12, 2025

10-Q filing | 4.5M shares outstanding

4.5M 24M
Jul 25, 2025

POS AM filing: Sunshine Biopharma Inc. is offering 15,577,965 shares of common stock issuable upon exercise of outstanding Series B Warrants and also includes information regarding previous offerings.

4.6M 24M
May 15, 2025

10-Q filing | 4.6M shares outstanding

4.6M 24M
Apr 03, 2025

8-K filing: Sunshine Biopharma Inc. completed a registered direct offering of 928,404 shares of its common stock and pre-funded warrants to purchase up to 260,000 shares, at a price of $2.07 per share and $2.06999 per warrant, respectively, resulting in net proceeds of approximately $1.8 million for general corporate purposes.

2.7M 26M
Apr 01, 2025

10-K filing | 2.7M shares outstanding

2.7M 26M
Jan 06, 2025

S-3 filing: Sunshine Biopharma Inc. may offer common stock, preferred stock, warrants, rights, or a combination of these securities, or units, for an aggregate initial offering price of up to $100,000,000.

2M 27M
Nov 06, 2024

POS AM filing: Sunshine Biopharma Inc. is offering 12,394,062 shares of common stock issuable upon exercise of outstanding Series B Warrants.

2M 0
Nov 05, 2024

10-Q filing | 2.0M shares outstanding

2M 0
Aug 16, 2024

10-Q filing | 1.1M shares outstanding

1.1M 0
Aug 08, 2024
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 18,945,052 → 947,252

950K 0
May 20, 2024

10-Q filing | 18.9M shares outstanding

19M 0
Apr 17, 2024
Stock Split

8-K filing: Stock split 1-for-100 | Outstanding: 99,452,865 → 994,528

990K 0
Mar 28, 2024

10-K filing | 99.5M shares outstanding

99M 0
Mar 06, 2024

8-K filing: Sunshine Biopharma, Inc. sold 100,000 shares of Series "B" Preferred Stock to its CEO for $10,000 on March 4, 2024. ($0.01M proceeds)

28M 36M
Feb 15, 2024

8-K filing: Sunshine Biopharma, Inc. closed a public offering of 71,428,571 units consisting of common units and pre-funded units at a price of $0.14 and $0.139 respectively, with Aegis Capital Corp. as the underwriter, resulting in gross proceeds of approximately $10.0 million before deductions. ($3.7M proceeds)

28M 36M
Feb 12, 2024

8-K filing: Sunshine Biopharma, Inc. repurchased warrants to purchase 11,904,762 shares of common stock for $2,361,596 and warrants to purchase 9,725,690 shares of common stock for $778,055. ($3.14M proceeds)

28M 87M
Feb 09, 2024

S-1/A filing: This is an S-1/A filing for Sunshine Biopharma, Inc. registering the offer and sale of units consisting of common stock or pre-funded warrants, Series A warrants, and Series B warrants, with Aegis Capital Corp. acting as underwriter.

28M 87M
Feb 01, 2024

S-1 filing: Sunshine Biopharma, Inc. is offering units, each consisting of one share of common stock, one-tenth of a Series A warrant, and two-tenths of a Series B warrant, and pre-funded warrants to certain purchasers.

28M 36M
Nov 13, 2023

10-Q filing | 25.7M shares outstanding

26M 38M
Aug 10, 2023

10-Q filing | 25.4M shares outstanding

25M 38M
May 25, 2023

S-3 filing: The selling stockholder is offering on a resale basis an aggregate of 17,857,143 shares of common stock.

2.5M 61M
May 16, 2023

8-K filing: Sunshine Biopharma, Inc. closed a private placement on May 16, 2023, selling 2,450,000 shares of common stock, investor warrants to purchase up to 11,904,762 shares, and 3,502,381 pre-funded warrants, for gross proceeds of approximately $5.0 million. ($5.01M proceeds)

22M 8.3M
May 10, 2023

10-Q filing | 22.0M shares outstanding

22M 8.3M
Apr 04, 2023

10-K filing | 22.6M shares outstanding

23M 7.7M
Nov 07, 2022

10-Q filing | 22.6M shares outstanding

23M 7.7M
Oct 20, 2022

8-K filing: Sunshine Biopharma, Inc. acquired all of the issued and outstanding shares of Nora Pharma in consideration of $30,000,000 CAD, which includes the issuance of 3,700,000 shares of Sunshine Biopharma's common stock. ($3.65M proceeds)

19M 11M
Aug 03, 2022

10-Q filing | 18.9M shares outstanding

19M 11M
May 10, 2022

S-3 filing: Selling stockholders are offering an aggregate of 14,588,535 shares of common stock on a resale basis, including shares issuable upon exercise of warrants.

2.5M 28M
May 06, 2022

10-Q filing | 16.5M shares outstanding

16M 0
Apr 28, 2022

8-K filing: Sunshine Biopharma, Inc. closed a private placement on April 28, 2022, selling common stock, pre-funded warrants, and investor warrants for gross proceeds of approximately $19.5 million.

2.3M 13M
Mar 30, 2022

S-3 filing: This is an S-3 filing for the resale of common stock by selling stockholders.

2.3M 13M
Mar 21, 2022

10-K filing | 7.1M shares outstanding

7.1M 1.4M
Mar 15, 2022

8-K filing: Sunshine Biopharma, Inc. entered into a Securities Purchase Agreement for a private placement, selling 2,301,353 shares of common stock and 1,302,251 pre-funded warrants, along with warrants to purchase additional shares, resulting in gross proceeds of approximately $8 million before transaction expenses. ($8.0M proceeds)

2.6M 5.9M
Feb 25, 2022

8-K filing: Sunshine Biopharma, Inc. redeemed 990,000 shares of Series B Preferred Stock held by the Company's chief executive officer, Dr. Steve N. Slilaty, for a redemption price equal to the stated value of $0.10 per share. ($0.1M proceeds)

2.6M 5.9M
Feb 17, 2022

8-K filing: Sunshine Biopharma, Inc. closed a firm commitment underwritten public offering of 1,882,353 units at $4.25 per Unit, with each unit consisting of one share of common stock and two warrants, for gross proceeds of $8 million. ($8.0M proceeds)

2.6M 5.9M
Feb 14, 2022

S-1/A filing: This is an S-1/A filing for an offering of common stock, pre-funded warrants, and warrants underwritten by Aegis Capital Corp.

2.6M 5.9M
Feb 09, 2022
Stock Split

8-K filing: Stock split 1-for-200 | Outstanding: 2,591,241 → 12,956

13K 2.4M
Feb 03, 2022

S-1/A filing: This S-1/A filing relates to an offering of common units, pre-funded units, and warrants with Aegis Capital Corp. acting as underwriter with the intention to use the net proceeds of this offering for drug development activities and general corporate purposes, including working capital, and for debt repayment.

2.6M 480M
Jan 24, 2022

S-1/A filing: This S-1/A filing outlines an offering of 1,886,792 units, each consisting of one share of common stock and one warrant exercisable for one share of common stock at an exercise price of $5.30, and other corporate matters including securities, lock-up agreements, and financial information.

5.2M 480M
Dec 22, 2021

8-K filing: The company issued 2,904,833 shares of common stock to RB Capital Partners, Inc. in connection with the conversion of $1,361,000 in convertible debt at an average conversion price of $0.47 per share. ($1.36M proceeds)

510M 0
Nov 09, 2021

10-Q filing | 508.5M shares outstanding

510M 0
Sep 09, 2021

S-1 filing: This S-1 filing details an offering of units, each consisting of one share of common stock and one warrant, with Aegis Capital Corp. as the underwriter.

510M 0
Aug 09, 2021

10-Q filing | 478.5M shares outstanding

480M 0
May 11, 2021

10-Q filing | 438.8M shares outstanding

440M 0
Mar 30, 2021

10-K filing | 346.4M shares outstanding

350M 0
Nov 12, 2020

10-Q filing | 304.4M shares outstanding

300M 0
Aug 19, 2020

10-Q filing | 191.7M shares outstanding

190M 0
May 18, 2020

10-Q filing | 59.7M shares outstanding

60M 0
May 01, 2020

10-K filing | 35.3M shares outstanding

35M 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