Unicycive Therapeutics, Inc. (UNCY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 30, 2026

Risk Assessment Details

Potential Dilution: 100.64% of current shares
Recent Dilution: 258.23% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
25M
Potential Supply
25M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

UNCY currently has 25.2M outstanding shares. with significant dilution risk as 25.4M authorized shares could dilute existing holders by 100.6%. The company has significantly diluted shareholders by 258.23% 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
Mar 30, 2026

10-K filing | 25.2M shares outstanding

25M 25M
Aug 14, 2025

10-Q filing | 17.7M shares outstanding

18M 25M
Jun 18, 2025
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 120,629,281 → 12,768,239

13M 25M
May 14, 2025

10-Q filing | 120.6M shares outstanding

120M 250M
Mar 31, 2025

10-K filing | 119.7M shares outstanding

120M 250M
Nov 13, 2024

S-3 filing: Unicycive Therapeutics, Inc. files an S-3 registration statement to offer common stock, preferred stock, debt securities, and warrants up to an aggregate initial offering price not exceeding $100 million, and common stock up to $50 million via an at-the-market offering through Guggenheim Securities, LLC.

100M 250M
Nov 13, 2024

10-Q filing | 103.8M shares outstanding

100M 250M
Aug 14, 2024

10-Q filing | 94.4M shares outstanding

94M 170M
Jul 05, 2024

S-3 filing: Registration statement on Form S-3 providing for the resale by the Investors of the Common Stock issuable upon conversion of the Series B-1 Preferred Stock and Series B-2 Preferred Stock.

38M 170M
May 13, 2024

10-Q filing | 37.6M shares outstanding

38M 120M
Mar 28, 2024

10-K filing | 34.8M shares outstanding

35M 120M
Mar 14, 2024

8-K filing: Unicycive Therapeutics, Inc. entered into a securities purchase agreement to issue and sell 50,000 shares of Series B Convertible Preferred Stock at $1,000 per share in a private placement for $50 million, with an initial conversion price of $1.00 per share, subject to stockholder approval for conversion exceeding 19.99% of outstanding common stock. ($50.0M proceeds)

35M 120M
Nov 14, 2023

10-Q filing | 34.8M shares outstanding

35M 120M
Aug 14, 2023

10-Q filing | 34.8M shares outstanding

35M 120M
Jul 13, 2023

S-3 filing: The selling stockholders may offer and resell up to 111,017,635 shares of common stock pursuant to a Securities Purchase Agreement.

15M 120M
May 16, 2023

10-Q filing | 15.0M shares outstanding

15M 8.2M
Mar 31, 2023

10-K filing | 15.2M shares outstanding

15M 8.2M
Mar 06, 2023

8-K filing: The company filed a Certificate of Designation designating 30,190 shares as Series A-1 Preferred Stock, 1,800,000 shares as Series A-2 Preferred Stock, 1,800,000 shares as Series A-3 Convertible Preferred Stock, 1,800,000 shares as Series A-4 Convertible Preferred Stock, and 3,600,000 shares as Series A-5 Convertible Preferred Stock.

14M 8.2M
Nov 14, 2022

10-Q filing | 14.2M shares outstanding

14M 8.2M
Aug 16, 2022

S-3 filing: This S-3 filing indicates Unicycive Therapeutics, Inc. may offer and sell up to $50 million in various securities and also up to $3 million of common stock through an at-the-market offering.

15M 8.2M
Aug 15, 2022

10-Q filing | 15.1M shares outstanding

15M 4.1M
May 12, 2022

10-Q filing | 15.0M shares outstanding

15M 4.1M
Mar 31, 2022

10-K filing | 15.0M shares outstanding

15M 4.1M
Nov 12, 2021

10-Q filing | 15.0M shares outstanding

15M 4.1M
Aug 16, 2021

10-Q filing | 14.5M shares outstanding

15M 4.1M
Jul 12, 2021

S-1/A filing: This S-1/A filing relates to a proposed offering of units consisting of common stock and warrants, as well as an underwriter's option to purchase additional shares and/or warrants and a unit purchase option.

14M 4.1M
Jul 12, 2021

S-1/A filing: This S-1/A filing details an offering of units, each consisting of one share of common stock and four-fifth of a warrant, along with an underwriter option to purchase additional shares and warrants. The company intends to use the net proceeds for pre-clinical studies, clinical development, and general corporate purposes.

14M 4.1M
Jun 30, 2021

S-1/A filing: S-1/A filing for an offering of common stock and warrants with the intention to use the net proceeds from this offering to complete pre-clinical studies, including toxicology studies as recommended by the FDA, in connection with a New Drug Application (NDA) filing for Renazorb with the FDA.

14M 5.3M
Jun 21, 2021

S-1/A filing: This S-1/A filing outlines the offering of common stock and warrants, with an over-allotment option for additional shares and warrants. The net proceeds are intended for pre-clinical studies, clinical development, and general corporate purposes.

16M 6.1M
Jun 07, 2021

S-1/A filing: This S-1/A filing relates to a public offering of Unicycive Therapeutics, Inc.'s common stock, with Roth Capital Partners, LLC as the underwriter. The company intends to use the net proceeds from this offering to complete pre-clinical studies, including toxicology studies as recommended by the FDA, in connection with a New Drug Application (NDA) filing for Renazorb with the FDA. In addition, we plan to use proceeds to advance UNI 494 for pre-clinical development and the completion of Phase 1 and Phase 2 clinical studies for a potential IND filing in 2022.

8.8M 2.6M
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