BIT ORIGIN Ltd (BTOG) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BTOG currently has 3.38M outstanding shares. with significant dilution risk as 215M authorized shares could dilute existing holders by 6349.2%. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Dec 26, 2024 |
20-F filing | 3.4M shares outstanding |
3.4M | 210M |
| Aug 13, 2024 |
F-3 filing: This F-3 filing indicates an offering of 55,679,942 ordinary shares by selling shareholders, including shares issuable upon conversion of notes and exercise of warrants. The company will not receive proceeds from the sale of shares but may receive proceeds from warrant exercises, which will be used for working capital and general corporate purposes. |
8.1M | 210M |
| Nov 16, 2023 |
F-3 filing: The company intends to offer ordinary shares, share purchase contracts, share purchase units, warrants, debt securities, rights or units, with an aggregate offering price not exceeding $50,000,000. |
3.3M | 160M |
| Oct 31, 2023 |
20-F filing | 3.3M shares outstanding |
3.3M | 160M |
| Nov 21, 2022 |
F-3 filing: This F-3 filing registers 140,958,932 ordinary shares for sale by selling shareholders, including shares issuable upon conversion of notes and exercise of warrants. The company will not receive any proceeds from the sale of the Conversion Shares and the Warrant Shares by the Selling Shareholder, but may receive cash proceeds equal to the total exercise price of the Warrants that are exercised. The ordinary shares are currently quoted on the Nasdaq Capital Market under the trading symbol "BTOG". |
100M | 160M |
| Aug 25, 2022 |
20-F filing | 91.6M shares outstanding |
92M | 18M |
| Jan 10, 2022 |
F-3 filing: China Xiangtai Food Co., Ltd. is registering the Warrant Shares on behalf of the Selling Shareholders, to be offered and sold by them from time to time. |
41M | 18M |
| Nov 15, 2021 |
20-F filing | 40.7M shares outstanding |
41M | 0 |
| Nov 17, 2020 |
20-F filing | 24.0M shares outstanding |
24M | 0 |
| May 26, 2020 |
F-3 filing: This is an F-3 filing indicating the company may offer ordinary shares, share purchase contracts, share purchase units, warrants, debt securities, rights or units up to an aggregate of $50,000,000. |
24M | 0 |
| Apr 03, 2020 |
6-K filing: China Xiangtai Food Co., Limited entered into a Share Purchase Agreement with Chongqing Jinghuangtai Business Management Consulting Co., Ltd. to issue 2,000,000 ordinary shares valued at $3.71 per share for an aggregate purchase price of $7,420,000 in exchange for JMC Shareholders' agreement to cause JMC to enter into certain VIE agreements with WFOE. ($7.42M proceeds) |
N/A | 0 |