Xenetic Biosciences, Inc. (XBIO) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 12, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 48.68% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
2.3M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

XBIO currently has 2.29M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 48.68% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2026

10-Q filing | 2.3M shares outstanding

2.3M 0
Nov 12, 2025

10-Q filing | 2.3M shares outstanding

2.3M 0
Aug 12, 2025

10-Q filing | 1.5M shares outstanding

1.5M 350K
May 13, 2025

10-Q filing | 1.5M shares outstanding

1.5M 350K
Mar 18, 2025

10-K filing | 1.5M shares outstanding

1.5M 350K
Nov 12, 2024

10-Q filing | 1.5M shares outstanding

1.5M 350K
Oct 21, 2024

S-3 filing: Xenetic Biosciences, Inc. files an S-3 to offer and sell shares of its common stock, preferred stock, warrants, units, rights, depositary shares and debt securities with an aggregate offering price not to exceed $50,000,000.

1.5M 360K
Aug 13, 2024

10-Q filing | 1.5M shares outstanding

1.5M 360K
May 09, 2024

10-Q filing | 1.5M shares outstanding

1.5M 360K
Mar 21, 2024

10-K filing | 1.5M shares outstanding

1.5M 370K
Nov 09, 2023

10-Q filing | 1.5M shares outstanding

1.5M 360K
Aug 10, 2023

10-Q filing | 1.5M shares outstanding

1.5M 370K
May 15, 2023
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 15,166,596 → 1,516,660

1.5M 380K
May 11, 2023

10-Q filing | 15.2M shares outstanding

15M 3.8M
Mar 22, 2023

10-K filing | 14.2M shares outstanding

14M 4.7M
Nov 09, 2022

10-Q filing | 14.3M shares outstanding

14M 4.6M
Oct 12, 2022

8-K filing: On October 12, 2022, the Company issued 850,000 shares of its common stock to CLS Therapeutics, LLC in exchange for the assignment of certain patent rights.

14M 4.9M
Aug 11, 2022

10-Q filing | 14.1M shares outstanding

14M 4.9M
May 12, 2022

10-Q filing | 14.3M shares outstanding

14M 4.6M
Apr 27, 2022

8-K filing: Xenetic Biosciences, Inc. issued 375,000 shares of common stock to CLS Therapeutics LTD and OPKO Health, Inc. in connection with an Exclusive Sublicense Agreement and 500,000 shares of common stock to CLS Therapeutics LTD in connection with an Exclusive License Agreement.

13M 5.5M
Mar 22, 2022

10-K filing | 13.4M shares outstanding

13M 5.5M
Nov 16, 2021

8-K filing: Xenetic Biosciences, Inc. exchanged warrants to purchase 129,084 shares of common stock for 51,634 shares of common stock, resulting in the cancellation of all Holder's Warrants.

13M 5.6M
Nov 12, 2021

10-Q filing | 13.4M shares outstanding

13M 5.6M
Oct 20, 2021

S-3/A filing: Xenetic Biosciences, Inc. files an S-3/A registration statement to offer and sell shares of its common stock, preferred stock, warrants, units, rights, depositary shares and debt securities with an aggregate offering price not to exceed $50,000,000.

13M 5.8M
Oct 12, 2021

S-3 filing: Xenetic Biosciences, Inc. may offer, issue and sell shares of its common stock, preferred stock, warrants, units, rights, depositary shares and debt securities in one or more offerings.

9.7M 9.3M
Aug 13, 2021

S-3 filing: This S-3 filing relates to the resale or other disposition from time to time of up to (i) 950,000 shares of the Company's common stock, (ii) 4,629,630 shares of Common Stock underlying outstanding warrants with an exercise price of $3.30 per share, and (iii) 3,679,630 shares of Common Stock underlying outstanding warrants with an exercise price of $0.001 per share.

9.7M 9.3M
Aug 12, 2021

10-Q filing | 9.7M shares outstanding

9.7M 0
Jul 28, 2021

8-K filing: Xenetic Biosciences, Inc. entered into a securities purchase agreement for a private placement of 950,000 shares of common stock, warrants to purchase 4,629,630 shares, and pre-funded warrants to purchase up to 3,679,630 shares, with gross proceeds expected to be approximately $12.5 million. ($12.5M proceeds)

8.7M 0
May 11, 2021

10-Q filing | 8.7M shares outstanding

8.7M 0
Mar 16, 2021

10-K filing | 8.7M shares outstanding

8.7M 0
Dec 14, 2020

8-K filing: Xenetic Biosciences, Inc. completed a registered direct offering of 2,448,980 shares of common stock at a price of $2.45 per share, resulting in gross proceeds of approximately $6.0 million. ($6.0M proceeds)

6.3M 0
Nov 12, 2020

10-Q filing | 6.3M shares outstanding

6.3M 0
Aug 12, 2020

10-Q filing | 6.3M shares outstanding

6.3M 0
Jun 16, 2020

8-K filing: Xenetic Biosciences, Inc. entered into a Master Service Agreement with PJSC Pharmsynthez to advance the development of the Company's XCART technology, with potential milestone payments including the option for Xenetic to issue up to 1,000,000 shares of common stock to Pharmsynthez upon achievement of certain milestones.

6.3M 0
May 14, 2020

10-Q filing | 6.3M shares outstanding

6.3M 0
Mar 26, 2020

10-K filing | 6.3M shares outstanding

6.3M 0
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