NaaS Technology Inc. (NAAS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: July 09, 2025

Risk Assessment Details

Potential Dilution: 3.04% of current shares
Recent Dilution: 0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
1.3B
Potential Supply
40M
Additional shares possible
Splits
None
Past 2 years

Summary

NAAS currently has 1.33B outstanding shares. with limited dilution risk as only 40.4M additional shares (3.0%) are authorized for issuance. 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
Jul 09, 2025

20-F filing | 1330.0M shares outstanding

1.3B 40M
May 09, 2024

20-F filing | 847.7M shares outstanding

850M 40M
Jul 28, 2023

F-3 filing: NaaS Technology Inc. may offer and sell up to US$200,000,000 of Class A ordinary shares, preferred shares, warrants, subscription rights, and units in one or more offerings.

550M 40M
May 01, 2023

F-1 filing: This F-1 filing describes an offering of ADSs, each representing ten Class A ordinary shares, with an option for underwriters to purchase additional ADSs. The company intends to use the net proceeds to expand its network coverage in EV charging stations, invest in research and development, and expand its presence in international markets.

2.2B 0
May 01, 2023

20-F filing | 549.4M shares outstanding

550M 0
Jun 16, 2022

20-F filing | 494.0M shares outstanding

490M 0
May 13, 2022

20-F filing | 113.2M shares outstanding

110M 0
Apr 19, 2021

20-F filing | 113.8M shares outstanding

110M 0
Apr 17, 2020

20-F filing | 113.8M shares outstanding

110M 0
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