Dilution profile // every instrument, one screen, from SEC filings

ABVC BIOPHARMA, INC. (ABVC)

CIK 1173313 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGHS-3 on file 2025-05-22
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
LOWwarrants = 1% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
HIGH+269% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
HIGH~0.4 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-11-122026-08-10

Latest: 26.7M shares as of Aug 10, 2026 (10-Q). Share count fell from 213.9M to 17.7M between Apr 8, 2019 and May 20, 2019, a pattern consistent with a reverse split (roughly 1-for-12); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

TrancheWarrantsExercise priceTermNotes
New Warrants1.0Mnot tagged
Warrant398,000$2

Tranches exactly as the company dimensioned them in its 10-Q filed May 18, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 398,000 underlying shares, as reported Jan 31, 2026 (10-Q).

Reported exercise price: $1 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $0 as of Sep 30, 2015.

Rough fully diluted estimate: 27.1M = 26.7M O/S + 398,000 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Other Convertible Notes Payablenot tagged$150,000$1
Other Notenot tagged$50%
Other Note Onenot tagged$50%
Other Note Twonot tagged$50%
Other Note Threenot tagged$7.520%
Other Note Fournot tagged$7.520%
Other Note Fivenot tagged$7.520%
Convertible Note Related Partynot tagged$7.520%
Convertible Note Related Party Onenot tagged$7.520%

Notes exactly as the company dimensioned them in its 10-Q filed Aug 12, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding26.7MAug 10, 2026
+ New Warrants (if exercised)1.0MMay 22, 2024
+ Warrant (if exercised)398,000Mar 31, 2026
Fully diluted estimate28.1M+5.2% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

S-3May 22, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-1Jun 21, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-1Jan 12, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 9 executed · 0 registered.

EXECUTEDNov 14, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EXECUTEDNov 14, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EXECUTEDNov 14, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EXECUTEDNov 14, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EXECUTEDAug 15, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EXECUTEDAug 15, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EXECUTEDAug 15, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EXECUTEDAug 15, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
EXECUTEDAug 15, 2025Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4
REGISTEREDMay 22, 2025S-3 registration — capacity to sell shares, not a sale yetS-3
EFFECTIVEMay 20, 2025SEC declared a registration effective — selling can beginEFFECT
EFFECTIVEMay 20, 2025SEC declared a registration effective — selling can beginEFFECT

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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