What is SPRB's dilution risk score?

SPRB has a latest available DilutionScore record of 53/100, categorized as high dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for SPRB, 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 SPRB?

DilutionWatch tracks 25 SEC filing types for SPRB 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 SPRB shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For SPRB, 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 SPRB tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for SPRB. 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.

SPRB Dilution Risk Score: 53/100 (HIGH)

Score Breakdown

📋 Offering Ability

80

💰 Cash Runway

10

📊 Float Risk

20

⚠️ Warrant Exposure

40

🔄 Convertible Debt

40

Dilution Forecast

☀️

Clear

No significant dilution signals

model est. 9%

💰 Capital Raise model 18%

• Active ATM program with $75M remaining capacity

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Market Data

Market Cap$141.11M

Shares Outstanding2.87M

Float2.65M

Cash$96.30M

Debt$7.09M

Short InterestN/A

Institutional Holdings

QoQ: ↓ 8.0% shares (2026Q1 vs prior)

32 institutional holders · 746.6K shares

#1 Ikarian Capital, LLC 121.4K shares

#2 MILLENNIUM MANAGEMENT LLC 111.9K shares

#3 CITADEL ADVISORS LLC 70.0K shares

+ 17 more holders Sign up free to view →

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

Short Interest429.1K

Days to Cover7.6

% of Float16.2%

FINRA data as of Jul 31, 2026

Insider Buy/Sell Ratio

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-01-07

xbrl XBRL WARRANT 2025-12-31

424B5 ATM 2026-04-20

4 INSIDER TRANSACTION 2026-03-09

3 FORM3 2026-03-09

Full SEC filing analysis available with free account →

Recent News

No recent news

Factual SPRB Dilution Snapshot

Spruce Biosciences, Inc. (SPRB) has a DilutionScore of 53/100, rated High dilution risk. Score date: August 28, 2026.

Stored ATM program remaining capacity: $75.0M.
Recent SEC activity tracked for SPRB: 424B5 on 2026-04-20; 4 on 2026-03-09; 3 on 2026-03-09.

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.