SenesTech, Inc. (SNES) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 10, 2025

Risk Assessment Details

Potential Dilution: 261.93% of current shares
Recent Dilution: 344.22% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
5.2M
Potential Supply
14M
Additional shares possible
Splits
None
Past 2 years

Summary

SNES currently has 5.22M outstanding shares. with significant dilution risk as 13.7M authorized shares could dilute existing holders by 261.9%. The company has significantly diluted shareholders by 344.22% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 10, 2025

10-Q filing | 5.2M shares outstanding

5.2M 14M
Aug 15, 2025

S-3 filing: Selling stockholders are offering on a resale basis an aggregate of 2,188,308 shares of common stock, representing shares issuable upon the exercise of outstanding warrants to purchase up to 2,188,308 shares of common stock with a per share exercise price equal to $5.25, and 72,944 shares of common stock, representing shares issuable upon the exercise of outstanding placement agent warrants to purchase up to 72,944 shares of common stock with a per share exercise price equal to $5.4219.

2M 14M
Aug 05, 2025

8-K filing: The company entered into inducement offer letter agreements with certain warrant holders to exercise their existing warrants to purchase 1,458,872 shares of common stock at $4.15 per share and issue new short-term common stock purchase warrants to purchase up to 2,188,308 shares of common stock at $5.25 per share. ($6.33M proceeds)

2M 11M
Jul 11, 2025

S-3 filing: The Selling Stockholders identified in this prospectus are offering on a resale basis an aggregate of 1,531,816 shares of Common Stock issuable upon the exercise of the Warrants.

2M 11M
Jul 01, 2025

8-K filing: The company entered into inducement offer letter agreements with certain warrant holders to exercise their existing warrants and issue new warrants. ($4.41M proceeds)

2M 9.9M
Jun 30, 2025

8-K filing: On June 30, 2025, the company filed a prospectus supplement to register an additional $711,227 of shares of its common stock issuable pursuant to the At The Market Offering Agreement between the Company and H.C. Wainwright & Co., LLC. Prior to the date hereof, the company sold an aggregate of $2,854,827.84 shares of its Common Stock through the Sales Agent under the Sales Agreement.

2M 9.9M
Jun 23, 2025

S-3/A filing: SenesTech, Inc. is filing an S-3/A to register an offering of common stock and preferred stock with an aggregate initial offering price not to exceed $15,000,000.

2M 9.9M
Jun 17, 2025

S-3 filing: Selling stockholders are offering on a resale basis an aggregate of 1,517,608 shares of Common Stock issuable upon the exercise of the Warrants.

1.8M 6.1M
May 08, 2025

10-Q filing | 1.8M shares outstanding

1.8M 4.6M
May 02, 2025

S-3 filing: SenesTech, Inc. is offering common and preferred stock with an aggregate initial offering price not to exceed $15,000,000.

1.8M 4.6M
Mar 13, 2025

10-K filing | 1.7M shares outstanding

1.7M 4.6M
Nov 12, 2024

10-Q filing | 1.0M shares outstanding

1M 4.6M
Sep 23, 2024

S-3 filing: The selling stockholders are offering on a resale basis an aggregate of 1,036,279 shares of Common Stock issuable upon the exercise of the Warrants.

510K 4.6M
Aug 08, 2024

10-Q filing | 0.5M shares outstanding

510K 3.5M
May 09, 2024

10-Q filing | 5.1M shares outstanding

5.1M 3.5M
Feb 21, 2024

10-K filing | 5.1M shares outstanding

5.1M 3.5M
Nov 29, 2023

8-K filing: The company completed a public offering of common stock and warrants for gross proceeds of $5,000,000.20. ($5.0M proceeds)

490K 3.5M
Nov 27, 2023

S-1/A filing: SenesTech, Inc. is offering up to 2,020,202 shares of its common stock, together with Series D and Series E warrants, and pre-funded warrants to purchase common stock. The offering also includes placement agent warrants and shares of common stock issuable upon exercise of the placement agent warrants.

490K 5.6M
Nov 22, 2023

S-1/A filing: SenesTech, Inc. is offering up to 2,020,202 shares of common stock, pre-funded warrants, and accompanying warrants, as well as placement agent warrants to purchase 151,515 shares of common stock.

490K 5.7M
Nov 16, 2023
Stock Split

8-K filing: Stock split 1-for-12 | Outstanding: 3,631,060 → 302,467

300K 3.5M
Nov 09, 2023

10-Q filing | 3.6M shares outstanding

3.6M 43M
Oct 06, 2023

S-3 filing: The selling stockholders are offering on a resale basis an aggregate of 6,015,879 shares of common stock issuable upon the exercise of warrants.

2.9M 43M
Aug 22, 2023

8-K filing: The company entered into an inducement offer letter agreement with a warrant holder to exercise existing warrants for 2,934,575 shares of common stock at a reduced price of $0.7202 per share, in exchange for new warrants to purchase up to 5,869,150 shares, expecting gross proceeds of $2,113,480.92. ($2.11M proceeds)

2.9M 31M
Aug 11, 2023

10-Q filing | 2.9M shares outstanding

2.9M 31M
Jul 21, 2023

S-1 filing: SenesTech, Inc. is offering common stock, Series D warrants, Series E warrants, pre-funded warrants and placement agent warrants.

3M 31M
May 11, 2023

10-Q filing | 3.0M shares outstanding

3M 31M
Apr 12, 2023

8-K filing: The company completed a registered direct offering and concurrent private placement, selling 857,146 shares of common stock and unregistered warrants to purchase up to 857,146 shares of common stock at an offering price of $1.75 per share and associated warrant, resulting in gross proceeds of approximately $1.5 million before deducting fees. ($1.5M proceeds)

2.1M 31M
Mar 17, 2023

10-K filing | 2.1M shares outstanding

2.1M 31M
Dec 20, 2022

8-K filing: On December 14, 2022, the company made inducement grants outside of its 2018 Equity Incentive Plan to two newly hired employees, which consisted of Options to purchase an aggregate of 27,500 shares of common stock at an exercise price of $2.66 per share.

610K 31M
Nov 21, 2022

8-K filing: The company completed a public offering of common stock and warrants for aggregate gross proceeds of $4,999,865.90. ($9.76M proceeds)

610K 31M
Nov 15, 2022

S-1/A filing: Senestech is offering up to 2,787,456 shares of common stock, together with Series A and Series B warrants, and pre-funded warrants, with H.C. Wainwright & Co., LLC acting as the exclusive placement agent.

610K 31M
Nov 14, 2022

10-Q filing | 12.2M shares outstanding

12M 28M
Oct 24, 2022

S-1 filing: This is an S-1 filing for an offering of common stock, pre-funded warrants, and warrants.

12M 28M
Aug 12, 2022

10-Q filing | 12.2M shares outstanding

12M 28M
May 13, 2022

10-Q filing | 12.2M shares outstanding

12M 28M
Mar 29, 2022

10-K filing | 12.2M shares outstanding

12M 28M
Nov 19, 2021

S-3 filing: SenesTech, Inc. is offering Common Stock, Preferred Stock, Warrants, Debt Securities and Units for a total aggregate initial offering price of $25,000,000.

12M 28M
Nov 12, 2021

10-Q filing | 12.2M shares outstanding

12M 11M
Aug 13, 2021

10-Q filing | 12.2M shares outstanding

12M 11M
May 14, 2021

10-Q filing | 12.2M shares outstanding

12M 11M
Mar 29, 2021

10-K filing | 12.2M shares outstanding

12M 11M
Feb 02, 2021

S-3 filing: The Selling Securityholders named in this prospectus may use this prospectus to offer and resell from time to time up to 6,912,445 shares of our common stock.

4.1M 11M
Dec 07, 2020

S-1 filing: This S-1 filing registers 1,785,714 shares of common stock for resale by selling securityholders, issuable upon exercise of warrants, with the company not receiving any proceeds from the sale.

4.1M 4M
Nov 13, 2020

10-Q filing | 4.1M shares outstanding

4.1M 390K
Aug 13, 2020

10-Q filing | 3.4M shares outstanding

3.4M 390K
May 15, 2020

10-Q filing | 1.4M shares outstanding

1.4M 390K
Apr 17, 2020

POS AM filing: The company is offering up to 2,253,521 Class A Units and Class B Units, with each Class A Unit consisting of one share of common stock and one warrant, and Class B Units consisting of one pre-funded warrant and one warrant. The offering aims to raise $8,000,000, with proceeds intended for working capital and general corporate purposes.

1.8M 390K
Apr 15, 2020

S-1/A filing: This S-1/A filing from SenesTech, Inc. relates to the proposed resale or disposition of up to 189,600 shares of common stock issuable upon exercise of warrants held by the Selling Securityholders. The company will not receive any proceeds from the sale of these shares.

1.8M 390K
Apr 03, 2020

S-1 filing: This S-1 filing describes the proposed resale of up to 189,600 shares of common stock issuable upon exercise of warrants held by selling securityholders. The company will not receive any proceeds from the sale of these shares.

1.8M 390K
Mar 17, 2020

10-K filing | 1.8M shares outstanding

1.8M 200K
Mar 17, 2020

POS AM filing: The company is offering up to 3,636,363 Class A Units, each consisting of one share of common stock and one warrant, and Class B Units for purchasers exceeding ownership thresholds, each consisting of one pre-funded warrant and one warrant, in a best-efforts offering, with H.C. Wainwright & Co., LLC as the exclusive placement agent.

1.8M 200K
Feb 13, 2020

S-1/A filing: The company is offering Class A Units, each consisting of one share of common stock and one warrant, and Class B Units, each consisting of one pre-funded warrant and one warrant, with H.C. Wainwright & Co., LLC as the exclusive placement agent.

1.6M 1.9M
Feb 11, 2020

S-1 filing: This S-1 filing relates to the proposed resale of up to 199,149 shares of common stock issuable upon exercise of warrants held by the Selling Securityholders.

N/A 200K
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