CBL International Ltd (BANL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: April 17, 2026

Risk Assessment Details

Potential Dilution: 18.98% of current shares
Recent Dilution: 10.0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
13M
Potential Supply
2.5M
Additional shares possible
Splits
None
Past 2 years

Summary

BANL currently has 13.2M outstanding shares. with limited dilution risk as only 2.5M additional shares (19.0%) are authorized for issuance. The company has diluted shareholders by 10.0% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 17, 2026

20-F filing | 13.2M shares outstanding

13M 2.5M
Apr 16, 2025

20-F filing | 27.5M shares outstanding

28M 2.5M
Jan 10, 2025

F-3 filing: This F-3 filing by CBL International Limited relates to the offer and sale of ordinary shares, preferred shares, debt securities, warrants, or units, with an aggregate initial offering price not exceeding $50,000,000.

28M 2.5M
Sep 20, 2024

F-3 filing: CBL International Limited is offering up to 2,500,000 ordinary shares by selling securityholders, which were issued in connection with the closing of a private placement offering on August 22, 2024.

25M 2.5M
Jul 22, 2024

6-K filing: CBL International Limited entered into a Securities Purchase Agreement for a private placement with an accredited investor, with the Buyer agreeing to purchase 2,500,000 Ordinary Shares at $0.55 per share, anticipating gross proceeds of approximately $1.375 million. ($1.38M proceeds)

25M 0
Apr 18, 2024

20-F filing | 25.0M shares outstanding

25M 0
Apr 26, 2023

20-F filing | 21.3M shares outstanding

21M 0
Aug 26, 2022

F-1 filing: This F-1 filing is for an offering of ordinary shares by CBL International Limited, a marine fuel logistics company, with the aim of raising capital for business development and expansion.

N/A 0
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