Maase Inc. (MAAS) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: October 29, 2025

Risk Assessment Details

Potential Dilution: 468.39% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

16M

Potential Supply

75M

Additional shares possible

Splits

None

Past 2 years

Summary

MAAS currently has 15.9M outstanding shares. with significant dilution risk as 74.6M authorized shares could dilute existing holders by 468.4%. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Oct 29, 2025	20-F filing \| 15.9M shares outstanding	16M	75M
Nov 15, 2024	20-F filing \| 372.5M shares outstanding	370M	0
Sep 25, 2023	20-F filing \| 90.5M shares outstanding	90M	0
Oct 11, 2022	20-F filing \| 90.5M shares outstanding	90M	0
Nov 15, 2021	F-3 filing: Puyi Inc. files an F-3 form to register securities, including ordinary shares, preferred shares, debt securities and subscription rights, for potential sale up to US$100,000,000.	90M	0
Sep 27, 2021	20-F filing \| 90.5M shares outstanding	90M	0
Sep 28, 2020	20-F filing \| 90.5M shares outstanding	90M	0

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