What is NBY's dilution risk score?

NBY has a latest available DilutionScore record of 81/100, categorized as critical dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for NBY, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for NBY?

DilutionWatch tracks 25 SEC filing types for NBY including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect NBY shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For NBY, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for NBY tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for NBY. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

NBY Dilution Risk Score: 81/100 (CRITICAL)

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊 Float Risk

100

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

⛈️

Warning

High probability of dilution event

model est. 38%

📜 Warrant Exercise model 60%

• Massive warrant overhang: 331017% of shares outstanding

• Warrant risk score very high (90/100)

💰 Capital Raise model 18%

• Active ATM program with $100M remaining capacity

📉 Score Deterioration model 15%

• Score already CRITICAL (81/100) — events likely imminent

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Market Data

Market Cap$51.92M

Shares Outstanding50.62M

Float2.62M

Cash$6.97M

Debt$106.0K

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	81/100	DilutionWatch score record
Shares Outstanding	50.62M	Verified float table or market cache
Public Float	2.62M	Verified float table or market cache
Market Cap	$51.92M	Market data cache
Cash Runway	13.2 months	DilutionWatch score inputs
Shelf Capacity	None in current score inputs	SEC-derived dilution fields
ATM Capacity	$100.00M	SEC-derived dilution fields
Outstanding Warrants	167.55B	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 7.

Recent SEC source mix: 4 4, 8-K 1, XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↓ 98.0% shares (2026Q1 vs prior)

2 institutional holders · 124.9K shares

#1 GOLDMAN SACHS GROUP INC 104.3K shares

#2 MORGAN STANLEY 20.5K shares

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

No current FINRA short-interest record is available for this ticker.

Recent SEC Activity

xbrl XBRL WARRANT 2026-07-30

xbrl XBRL CONVERTIBLE 2026-04-29

4 INSIDER TRANSACTION 2026-04-09

4 INSIDER TRANSACTION 2026-04-08

4 INSIDER TRANSACTION 2026-04-02

Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual NBY Dilution Snapshot

NovaBay Pharmaceuticals Inc (NBY) has a DilutionScore of 81/100, rated Critical dilution risk. Score date: October 13, 2026.

Stored ATM program remaining capacity: $100.0M.
Stored outstanding warrants: 167545.7M.
Recent SEC activity tracked for NBY: xbrl on 2026-07-30; xbrl on 2026-04-29; 4 on 2026-04-09.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

NBY's DilutionScore is currently 81/100 (Critical risk), with 4 score changes tracked over 89 days. The score improved from 70/100 (High risk).

Period	Score	Risk Level	Duration
Oct 08 – Oct 13, 2026	81/100	CRITICAL	6 days
Sep 17 – Oct 07, 2026	70/100	HIGH	21 days
Aug 22 – Sep 16, 2026	58/100	HIGH	26 days
Aug 14 – Aug 21, 2026	70/100	HIGH	7 days
Jul 16 – Aug 13, 2026	49/100	MEDIUM	29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

NBY shares outstanding have decreased 0.0% from 26.12M (Mar 2026) to 26.12M (Mar 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
Mar 25, 2026	26.12M	2.62M	▲ 21.24%
Mar 23, 2026	26.12M	2.16M	▲ 5.65%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track NBY Dilution Risk in Real-Time

DilutionWatch monitors SEC filings 24/7 and alerts you the moment NBY files a shelf registration, ATM offering, warrant notice, or convertible note. Free tier available — no credit card required.

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