Sow Good Inc. (SOWG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 20, 2026

Risk Assessment Details

Potential Dilution: 560.51% of current shares
Recent Dilution: 2191.53% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
20M
Potential Supply
110M
Additional shares possible
Splits
None
Past 2 years

Summary

SOWG currently has 20.1M outstanding shares. with significant dilution risk as 113M authorized shares could dilute existing holders by 560.5%. The company has significantly diluted shareholders by 2191.53% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 20, 2026

10-Q filing | 20.1M shares outstanding

20M 110M
Mar 31, 2026

S-3 filing: Sow Good Inc. files an S-3 to offer Common Stock, Preferred Stock, Debt Securities, Warrants, and Units up to $1,000,000,000 from time to time, and also registers 109,009,250 shares of Common Stock for resale by Selling Stockholders.

300M 0
Mar 31, 2026

10-K filing | 13.3M shares outstanding

13M 11M
Jan 05, 2026

8-K filing: Sow Good Inc. executed a private placement agreement to issue Series AA and Series AAA Convertible Preferred Stock for gross proceeds of $6.0 million, with the first closing completed involving 1,500,000 Series AA Preferred Shares at $2.00 per share, and a second closing planned for Series AAA Preferred Shares contingent on stockholder approvals, and also includes discussion of a potential reverse stock split. ($3.0M proceeds)

12M 12M
Aug 25, 2025

S-1/A filing: Sow Good Inc. files an S-1/A for the resale of 8,286,326 shares of common stock by selling shareholders and the issuance and resale of 4,522,282 shares of common stock issuable upon conversion of Convertible Notes.

12M 12M
Aug 19, 2025

S-1 filing: Sow Good Inc. files an S-1 to register 8,286,326 shares of common stock for resale by selling shareholders and 4,522,282 shares of common stock issuable upon conversion of Convertible Notes.

12M 12M
Aug 14, 2025

10-Q filing | 11.6M shares outstanding

12M 0
May 14, 2025

10-Q filing | 11.3M shares outstanding

11M 0
Mar 27, 2025

10-K filing | 11.4M shares outstanding

11M 0
Nov 14, 2024

10-Q filing | 10.2M shares outstanding

10M 830K
Nov 14, 2024

S-3 filing: Sow Good Inc. is filing an S-3 to offer and sell up to $50,000,000 in common stock, preferred stock, and debt securities from time to time in one or more offerings.

10M 830K
Sep 18, 2024

RW filing: The Company submits this request for withdrawal as it does not intend to pursue the contemplated public offering of the securities covered by the Registration Statement at this time and confirms that no securities have been or will be issued or sold pursuant to the Registration Statement.

9.6M 0
Aug 14, 2024

10-Q filing | 9.6M shares outstanding

9.6M 0
May 15, 2024

10-Q filing | 10.1M shares outstanding

10M 0
May 09, 2024

8-K filing: Sow Good Inc. announces the completion of a public offering where underwriters purchased 180,000 additional shares at $10.00 per share, resulting in aggregate gross proceeds of approximately $13.8 million. ($1.8M proceeds)

9.6M 0
May 02, 2024

8-K filing: Sow Good Inc. announced the pricing of its public offering of 1,200,000 shares of common stock at $10.00 per share, with an underwriter option for 180,000 additional shares and warrants to purchase 120,000 shares, expected to yield approximately $12 million in gross proceeds and the company uplisting to Nasdaq Capital Market. ($12.0M proceeds)

9.6M 0
Apr 25, 2024

S-1/A filing: Sow Good Inc. is offering $15,000,000 of shares of their common stock in a public offering, with the intent to list on the Nasdaq Capital Market under the symbol "SOWG".

9.6M 0
Apr 22, 2024

S-1/A filing: Sow Good Inc. is offering $15,000,000 of shares of its common stock in a public offering.

9.4M 0
Apr 19, 2024

8-K filing: Sow Good Inc. issued 2,186,250 shares of its common stock in connection with the exercise of warrants, resulting in a reduction of the Company's debt by $5,200,362.50 and a reduction in accrued interest payable by $98,750.00. ($5.2M proceeds)

6M 2M
Apr 16, 2024

S-1/A filing: Sow Good Inc. is offering $15,000,000 of shares of its common stock in a public offering, with the intention to list on the Nasdaq Capital Market under the symbol "SOWG."

6M 2M
Mar 29, 2024

8-K filing: Sow Good Inc. issued 515,597 shares of its common stock at a price of $7.25 per share.

6M 1.3M
Mar 22, 2024

10-K filing | 6.0M shares outstanding

6M 1.3M
Feb 13, 2024

S-1 filing: S-1 filing for an initial public offering of common stock.

5.6M 1.7M
Nov 21, 2023

S-1 filing: This S-1 filing relates to the resale of up to 2,179,689 shares of Sow Good Inc.'s common stock by selling stockholders. The company will not receive any proceeds from the sale.

5.1M 2.2M
Nov 21, 2023

8-K filing: The Company issued and sold 426,288 shares of common stock at a price of $6.50 per share.

5.1M 2.2M
Nov 14, 2023

10-Q filing | 5.1M shares outstanding

5.1M 0
Sep 06, 2023

8-K filing: On September 6, 2023, the Company completed an offering and sale of 735,000 shares of its common stock at a price of $5.00 per share. ($3.68M proceeds)

4.9M 0
Aug 30, 2023

8-K filing: Sow Good Inc. sold 735,000 shares of its common stock at $5.00 per share to accredited investors, generating gross proceeds of $3.675 million. ($3.68M proceeds)

4.9M 0
Aug 14, 2023

10-Q filing | 4.9M shares outstanding

4.9M 0
May 22, 2023

10-Q filing | 4.8M shares outstanding

4.8M 0
May 15, 2023

8-K filing: Sow Good Inc. entered into a Note and Warrant Purchase Agreement on May 11, 2023, to sell a promissory note for up to $100,000 and a warrant to purchase up to 25,000 shares of common stock at $2.50 per share. ($0.06M proceeds)

4.8M 0
May 01, 2023

8-K filing: Sow Good Inc. closed a private placement offering and entered into a Note and Warrant Purchase Agreement with accredited investors, issuing up to $1,500,000 in promissory notes and warrants to purchase up to 375,000 shares of common stock.

4.8M 0
Apr 14, 2023

10-K filing | 4.8M shares outstanding

4.8M 0
Nov 14, 2022

10-Q filing | 4.8M shares outstanding

4.8M 0
Aug 25, 2022

8-K filing: Sow Good Inc. closed a private placement offering on August 23, 2022, issuing notes and warrants to purchase up to 625,000 shares of common stock.

4.8M 0
Aug 15, 2022

10-Q filing | 4.8M shares outstanding

4.8M 0
May 13, 2022

10-Q filing | 4.8M shares outstanding

4.8M 0
Apr 14, 2022

8-K filing: Sow Good Inc. closed a private placement offering, issuing $3,700,000 in promissory notes and warrants to purchase up to 925,000 shares of common stock at an exercise price of $2.35 per share. ($3.7M proceeds)

4.8M 0
Mar 29, 2022

10-K filing | 4.8M shares outstanding

4.8M 0
Jan 04, 2022

8-K filing: Sow Good Inc. closed a private placement offering, selling $2,075,000 in promissory notes and warrants to purchase up to 311,250 shares of common stock at an exercise price of $2.21 per share. ($2.08M proceeds)

4.8M 0
Nov 15, 2021

10-Q filing | 4.8M shares outstanding

4.8M 0
Aug 16, 2021

10-Q filing | 4.7M shares outstanding

4.7M 0
Jul 07, 2021

8-K filing: Sow Good Inc. sold 714,701 shares of common stock at $4.25 per share to accredited investors for gross proceeds of $3.038 million in a private placement. ($3.04M proceeds)

3.9M 0
May 13, 2021

10-Q filing | 3.9M shares outstanding

3.9M 0
Mar 31, 2021

10-K filing | 3.9M shares outstanding

3.9M 0
Feb 05, 2021

8-K filing: Sow Good Inc. sold 631,250 shares of common stock at $4.00 per share to accredited investors for gross proceeds of $2.525 million in a private placement under Section 4(2) and Rule 506. ($2.53M proceeds)

2.7M 0
Nov 12, 2020

10-Q filing | 2.7M shares outstanding

2.7M 0
Aug 11, 2020

10-Q filing | 1.6M shares outstanding

1.6M 0
Jun 10, 2020

8-K filing: Black Ridge Oil & Gas, Inc. entered into an Asset Purchase Agreement with S-FDF, LLC, to acquire assets and agreements related to the Seller's freeze dried fruits and vegetables business in exchange for 1,120,000 shares of the Company's common stock.

1.6M 0
May 15, 2020

10-Q filing | 1.6M shares outstanding

1.6M 0
Mar 25, 2020

10-K filing | 1.6M shares outstanding

1.6M 0
Mar 17, 2020

8-K filing: Black Ridge Oil & Gas, Inc. entered into a business loan agreement with Cadence Bank, N.A. encompassing a $700,000 Promissory Note, a Security Agreement, and limited commercial guarantees.

N/A 0
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