Armlogi Holding Corp. (BTOC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 36.53% of current shares
Recent Dilution: 13.15% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
45M
Potential Supply
17M
Additional shares possible
Splits
None
Past 2 years

Summary

BTOC currently has 45.4M outstanding shares. with moderate dilution risk from 16.6M authorized shares representing 36.5% potential dilution. The company has diluted shareholders by 13.15% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 45.4M shares outstanding

45M 17M
Nov 13, 2025

10-Q filing | 42.5M shares outstanding

42M 20M
Sep 25, 2025

10-K filing | 41.8M shares outstanding

42M 20M
May 14, 2025

10-Q filing | 41.7M shares outstanding

42M 20M
Mar 24, 2025

8-K filing: Armlogi Holding Corp. modified its Standby Equity Purchase Agreement (SEPA) with YA II PN, LTD., acknowledging a Floor Price Event and agreeing to make cash payments to the Investor in exchange for a forbearance period.

42M 20M
Feb 25, 2025

S-1/A filing: This S-1/A filing relates to the resale of up to 13,168,147 shares of common stock by a selling stockholder and the potential sale of up to $50 million of common stock by the company to the selling stockholder under a standby equity purchase agreement.

42M 20M
Feb 14, 2025

10-Q filing | 41.6M shares outstanding

42M 13M
Jan 24, 2025

S-1/A filing: This S-1/A filing relates to the resale of up to 13,168,147 shares of common stock by the selling stockholder, YA II PN, LTD, with the company potentially receiving up to $50,000,000 in gross proceeds from sales of common stock to the selling stockholder pursuant to a standby equity purchase agreement.

42M 13M
Jan 15, 2025

S-1/A filing: This S-1/A filing relates to the resale of up to 13,168,147 shares of common stock by YA II PN, LTD, with the company potentially receiving up to $50 million in gross proceeds from sales of common stock to the selling stockholder pursuant to a standby equity purchase agreement.

42M 13M
Dec 18, 2024

S-1 filing: This S-1 filing relates to the resale of up to 13,168,147 shares of common stock by YA II PN, LTD, and the potential sale of up to $50,000,000 of shares of common stock to YA II PN, LTD pursuant to a standby equity purchase agreement.

42M 13M
Nov 26, 2024

8-K filing: Armlogi Holding Corp entered into a Standby Equity Purchase Agreement with YA II PN, LTD., potentially allowing the company to sell up to $50 million of common stock, subject to certain limitations, and issued convertible promissory notes for a Pre-Paid Advance of $21 million.

42M 0
Nov 14, 2024

10-Q filing | 41.6M shares outstanding

42M 0
Sep 26, 2024

10-K filing | 40.2M shares outstanding

40M 0
Jun 11, 2024

10-Q filing | 40.0M shares outstanding

40M 0
May 15, 2024

8-K filing: Armlogi Holding Corp. closed its initial public offering of 1,600,000 shares of common stock at $5.00 per share on May 15, 2024, and issued warrants to the underwriter to purchase up to 80,000 shares of common stock at $6.25 per share. ($8.0M proceeds)

40M 0
Apr 26, 2024

S-1/A filing: This is an S-1/A filing for an initial public offering of 2,000,000 shares of common stock with an expected price range of $5 to $6 per share, and the company has applied to list its common stock on the Nasdaq Global Market under the symbol "BTOC".

40M 2M
Apr 16, 2024

S-1/A filing: This S-1/A filing relates to an offering of common stock, with an estimated IPO price range of $5 to $6 per share. The company intends to use the proceeds to expand its warehouse network, develop warehousing and logistics services, international ocean freight services, develop port trucking services and for general corporate purposes.

40M 2.3M
Feb 29, 2024

S-1/A filing: This S-1/A filing relates to an offering of common stock, with an estimated price range of $5 to $6 per share. The company intends to use the proceeds from this offering to expand our warehouse network and develop warehousing and logistics services, develop international ocean freight services, develop port trucking services, and for working capital and other general corporate purposes.

40M 2M
Feb 21, 2024

S-1/A filing: This S-1/A filing registers for sale 2,000,000 shares of common stock with an estimated price range of $5 to $6 per share, as well as Representative's Warrants to purchase shares of common stock equal to 5% of the total number of shares of common stock sold in this offering.

40M 2.1M
Jan 31, 2024

S-1/A filing: This S-1/A filing registers for sale common stock with an estimated IPO price range of $5 to $6 per share, also registers the Representative's Warrants to purchase shares of common stock equal to 5% of the total number of shares of common stock sold in this offering.

40M 2.4M
Jan 25, 2024

S-1/A filing: This is an S-1/A amendment filing for Armlogi Holding Corp., filed on January 25, 2024, solely to file an updated consent of ZH CPA, LLC as Exhibit 23.1.

40M 2.1M
Dec 15, 2023

S-1/A filing: This S-1/A filing relates to an offering of common stock and representative's warrants, with the intention to use the proceeds from this offering to expand the warehouse network and develop warehousing and logistics services, develop international ocean freight services, develop port trucking services, and for working capital and other general corporate purposes.

40M 2.1M
Nov 09, 2023

S-1/A filing: The company is filing an S-1/A form for an initial public offering of 2,000,000 shares of common stock, with an expected price range of $5 to $6 per share, and plans to list on the Nasdaq Capital Market under the symbol "BTOC".

40M 2M
Sep 25, 2023

S-1 filing: This S-1 filing is for an initial public offering of common stock with an estimated price range of $5 to $6 per share, offering 2,000,000 shares, with an additional 300,000 shares available through an underwriter over-allotment option, and includes a representative's warrant for 5% of the total shares sold.

40M 2.3M
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