Lucas GC Ltd (LGCL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 20, 2026

Risk Assessment Details

Potential Dilution: 774.86% of current shares
Recent Dilution: 29.5% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
2.8M
Potential Supply
22M
Additional shares possible
Splits
None
Past 2 years

Summary

LGCL currently has 2.79M outstanding shares. with significant dilution risk as 21.6M authorized shares could dilute existing holders by 774.9%. The company has significantly diluted shareholders by 29.5% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 20, 2026

20-F filing | 2.8M shares outstanding

2.8M 22M
Apr 21, 2025

F-3 filing: The company may from time to time offer, issue and sell up to US$100,000,000 of its ordinary shares, preferred shares, warrants to purchase ordinary shares, debt securities, subscription rights and a combination of such securities, separately or as units, in one or more offerings.

17M 22M
Apr 21, 2025

F-1 filing: This F-1 filing describes an equity line offering of up to 21,621,621 ordinary shares on a best-efforts basis with AC Sunshine Securities LLC as the placement agent.

100M 22M
Mar 31, 2025

20-F filing | 78.1M shares outstanding

78M 0
Aug 08, 2024

RW filing: Lucas GC Limited requests the withdrawal of its Registration Statement on Form F-1 (File No. 333-281234) because it no longer plans to consummate the offering described in the Registration Statement and no securities were sold in connection with the Registration Statement.

83M 0
Aug 05, 2024

F-1 filing: This F-1 filing indicates an offering of up to 3,000,000 ordinary shares. The company estimates net proceeds of approximately US$5.8 million from this offering, and intends to use the proceeds for the daily operations of onshore and offshore subsidiaries.

83M 3M
Apr 29, 2024

20-F filing | 78.1M shares outstanding

78M 0
Feb 28, 2023

F-1 filing: This is an F-1 filing for an initial public offering of ordinary shares. The company intends to list its ordinary shares on the Nasdaq Global Market under the symbol "LGCL".

N/A 0
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