CEA Industries Inc. (VAPE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 16, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 5293.8% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
43M
Potential Supply
0
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

VAPE currently has 42.9M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 5293.8% 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 16, 2026

10-Q filing | 42.9M shares outstanding

43M 0
Sep 22, 2025

10-Q filing | 43.1M shares outstanding

43M 0
Jun 09, 2025

8-K filing: CEA Industries Inc. entered into an agreement with Velocity Investments Incorporated for acquisition advice related to Fat Panda Ltd., with services valued at CAD$700,000, equivalent to 39,000 shares of Common Stock. ($0.31M proceeds)

800K 760K
May 15, 2025

10-Q filing | 0.8M shares outstanding

800K 760K
Mar 27, 2025

10-K filing | 0.7M shares outstanding

750K 820K
Feb 12, 2025

8-K filing: CEA Industries Inc. entered into a purchase agreement to acquire Fat Panda Ltd. for CAD$18,000,000, payable in cash, securities, and seller loans, including the issuance of 39,000 shares of CEA Industries Inc. common stock. ($0.7M proceeds)

790K 770K
Jan 15, 2025

S-3 filing: The securities registered hereunder cover an indeterminate number of shares of common stock, shares of preferred stock, warrants, rights, and units that may be sold by the registrant from time to time, for a maximum aggregate offering price of all securities not to exceed $60,000,000.

790K 770K
Nov 14, 2024

10-Q filing | 0.8M shares outstanding

790K 770K
Aug 14, 2024

10-Q filing | 0.8M shares outstanding

790K 770K
Jun 07, 2024
Stock Split

8-K filing: Stock split 1-for-12 | Outstanding: 8,209,730 → 684,144

680K 880K
May 14, 2024

10-Q filing | 8.2M shares outstanding

8.2M 11M
Mar 29, 2024

10-K filing | 8.1M shares outstanding

8.1M 11M
Nov 14, 2023

10-Q filing | 8.1M shares outstanding

8.1M 11M
Aug 14, 2023

10-Q filing | 8.1M shares outstanding

8.1M 11M
May 15, 2023

10-Q filing | 8.1M shares outstanding

8.1M 11M
Mar 28, 2023

10-K filing | 8.1M shares outstanding

8.1M 11M
Nov 14, 2022

10-Q filing | 8.0M shares outstanding

8M 11M
Sep 22, 2022

S-1 filing: This prospectus relates to 6,572,808 shares of common stock issuable upon the exercise of warrants issued to investors in our public offering (the "Public Warrants") and 290,557 shares of common stock issuable upon exercise of warrants issued to the representatives of the underwriters (the "Underwriter Warrants") on February 10, 2022.

8M 11M
Aug 11, 2022

10-Q filing | 7.8M shares outstanding

7.8M 4.1M
Jun 10, 2022

S-1 filing: This S-1 filing includes the resale of common stock, public warrants, and pre-funded warrants, with the company not receiving proceeds from the sales but potentially receiving proceeds from the exercise of the warrants.

7.8M 4.1M
May 12, 2022

10-Q filing | 7.8M shares outstanding

7.8M 2.7M
Mar 29, 2022

10-K filing | 7.8M shares outstanding

7.8M 2.7M
Feb 04, 2022

S-1/A filing: This S-1/A filing relates to an offering of Common Stock and/or Pre-Funded Warrants and/or Warrants, with an over-allotment option granted to the Underwriters to purchase additional securities representing 15% of the Firm Securities sold in the offering.

1.6M 8.9M
Jan 31, 2022

S-1/A filing: CEA Industries Inc. is offering up to 2,962,963 shares of common stock and warrants to purchase up to 2,962,963 shares of common stock, as well as pre-funded warrants to certain purchasers, with ThinkEquity acting as underwriter.

1.6M 240M
Jan 27, 2022
Stock Split

8-K filing: Stock split 1-for-150 | Outstanding: 238,967,349 → 1,593,115

1.6M 0
Dec 15, 2021

S-1 filing: This is an S-1 filing for a firm commitment public offering of common stock, subject to completion, with ThinkEquity as the underwriter.

240M 0
Nov 10, 2021

10-Q filing | 237.5M shares outstanding

240M 0
Sep 30, 2021

8-K filing: Surna Inc. entered into a Securities Purchase Agreement with an institutional investor to sell Series B Preferred Stock and a warrant to purchase common stock, receiving net proceeds of approximately $2,715,000, and also plans to authorize a reverse stock split. ($3.0M proceeds)

240M 0
Aug 10, 2021

10-Q filing | 237.4M shares outstanding

240M 0
May 11, 2021

10-Q filing | 236.5M shares outstanding

240M 0
Mar 24, 2021

10-K filing | 228.2M shares outstanding

230M 0
Nov 12, 2020

10-Q filing | 234.7M shares outstanding

230M 0
Aug 11, 2020

10-Q filing | 228.2M shares outstanding

230M 0
Jun 25, 2020

10-Q filing | 228.2M shares outstanding

230M 0
Mar 24, 2020

10-K filing | 228.2M shares outstanding

230M 0
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