BCDA BioCardia, Inc.
Price Chart
Executive Summary
BioCardia raised $4.4 million via an at-the-market (ATM) offering, selling 3,509,604 shares at an average price of $1.279 on June 5, 2026. No warrants were issued. Net proceeds are expected to extend the cash runway into Q1 2027, beyond the planned Japan PMDA submission for CardiAMP HF in Q4 2026. The offering is dilutive to existing shareholders at a ~$12M market cap.
Actionable Insight
The ATM sale signals ongoing cash burn and reliance on equity financing for a pre-revenue biotech. The ~30% dilution is material for a $12M market cap stock. Monitor for further ATM draws or a larger follow-on offering ahead of the Q4 2026 PMDA submission. The absence of warrants is a modest positive but does not offset the dilution.
Key Facts
- Sold 3,509,604 shares at $1.279 average price on June 5, 2026
- Raised $4.4 million via ATM with H.C. Wainwright & Co.
- No warrants issued in this capital raise
- Net proceeds expected to extend cash runway into Q1 2027
- Cash runway extension tied to expected Japan PMDA submission in Q4 2026
- Market cap approximately $12M; offering represents ~30% dilution
Financial Impact
Dilution of approximately 30% of outstanding shares based on $12M market cap; $4.4M gross proceeds with no warrants
Risk Factors
- Further dilution from additional ATM draws or future offerings
- PMDA submission delay or failure would accelerate cash burn
- Low cash runway relative to development milestones
- Historical insider buying ($12K in 30d) insufficient to signal confidence
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-019789 |
| Exhibit: ex_973624.htm | 0001437749-26-019789 |
| Document: 0001437749-26-019789-index-headers.html | 0001437749-26-019789 |
| Document: 0001437749-26-019789-index.html | 0001437749-26-019789 |
| Document: 0001437749-26-019789.txt | 0001437749-26-019789 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
today
|
8-K
| $0.8165 awaiting T+5 | awaiting T+5 | — | $0.8800 (+7.78%) |
|
Jun 8, 2026
4d ago
|
8-K
| $0.8800 awaiting T+5 | awaiting T+5 | — | $0.8800 (+0.00%) |
|
Jun 8, 2026
4d ago
|
Press Release
| $0.8800 awaiting T+5 | awaiting T+5 | — | $0.8800 (+0.00%) |
|
Jun 5, 2026
7d ago
|
8-K
| $1.20 awaiting T+5 | awaiting T+5 | — | $0.8800 (−26.67%) |
|
May 28, 2026
15d ago
|
8-K
| $0.9200 $0.8700 | ▼ −5.43% | ▼ −5.39% | $0.8800 (−4.35%) |
|
May 15, 2026
28d ago
|
8-K
| $1.01 $0.9600 | ▼ −4.95% | ▼ −5.91% | $0.8800 (−12.87%) |
|
May 15, 2026
28d ago
|
Press Release
| $1.01 $0.9600 | ▼ −4.95% | ▼ −5.91% | $0.8800 (−12.87%) |
|
May 11, 2026
4w ago
|
Press Release
| $1.12 $0.9000 | ▼ −19.64% | ▼ −19.72% | $0.8800 (−21.43%) |
|
May 8, 2026
5w ago
|
8-K
| $1.11 $1.09 | ▼ −1.80% | ▼ −3.27% | $0.8800 (−20.72%) |
|
Apr 28, 2026
6w ago
|
8-K
| $1.14 $1.13 | ▼ −0.88% | ▼ −2.57% | $0.8800 (−22.81%) |
US Market Status
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