Spruce Biosciences, Inc. (SPRB) — Dilution Risk Analysis
Current Snapshot
Spruce Biosciences, Inc. (SPRB) has a DilutionWatch score of 53/10 and is classified as HIGH risk. The score date in the source data is 2026-10-03T03:45:52.527348.
This page is assembled from sourced share-structure, market-data, SEC-filing, and DilutionWatch fields. Missing values are left blank rather than estimated.
Dilution Risk Score
Score: 53/10 Source (as of 2026-10-03T03:45:52.527348)
Recent SEC Filings
2 shelf registration or ATM offering filings detected in recent history.
Recent filing forms in the source payload: 424B5 2, 8-K 2, 3 1, 4 3, XBRL 2.
| Form | Filed | Accession |
|---|---|---|
| 424B5 | 2026-04-20 | 0001193125-26-163919 |
| 8-K | 2026-03-09 | 0001193125-26-097561 |
| 424B5 | 2026-03-09 | 0001193125-26-097569 |
| 3 | 2026-03-09 | 0001665347-26-000005 |
| 4 | 2026-03-09 | 0001665347-26-000006 |
| 4 | 2026-01-21 | 0001869391-26-000007 |
| 8-K | 2026-01-08 | 0001193125-26-007038 |
| xbrl | 2026-01-07 | xbrl-5852-xbrl_convertible |
| 4 | 2026-01-05 | 0001903669-26-000002 |
| xbrl | 2025-12-31 | xbrl-5852-xbrl_warrant |
Dilution Risk Drivers
| Driver | Stored Value | Source |
|---|---|---|
| ATM offering capacity remaining | $75,000,000 | Source |
| Cash runway | 24 months | Source |
| Three-year share count growth | 605.96% | Source |
DilutionWatch Analysis
- Risk Level
- HIGH (Score: 53/10) Source
- Cash Runway
- 24 months Source
- ATM Offering Capacity Remaining
- $75,000,000 Source
- Share Count Growth (3-Year)
- 605.96% Source
What This Page Does Not Estimate
DilutionWatch does not infer missing cash runway, authorized share count, ATM capacity, shelf capacity, or share-growth values on this page. A blank field means the current source payload did not provide a usable value with provenance.
Scores and classifications are shown only when supplied by the DilutionWatch data layer. SEC filing rows link to their source accession when a filing URL is available.