Intercont (Cayman) Ltd (NCT) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

High Risk

Significant dilution risk

Last updated: November 06, 2025

Risk Assessment Details

Potential Dilution: 215.34% of current shares

Recent Dilution: 17.01% (2 years)

Historical Dilution Factor: moderate recent dilution

Outstanding Shares

29M

Potential Supply

63M

Additional shares possible

Splits

None

Past 2 years

Summary

NCT currently has 29.3M outstanding shares. with significant dilution risk as 63.1M authorized shares could dilute existing holders by 215.3%. The company has diluted shareholders by 17.01% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Nov 06, 2025	F-1 filing: This is an F-1 filing for Intercont (Cayman) Limited where selling securityholders are offering ordinary shares and the company may sell ordinary shares to White Lion Capital.	29M	63M
Oct 30, 2025	20-F filing \| 25.4M shares outstanding	25M	0
Sep 27, 2024	F-1 filing: This is an F-1 filing by Intercont, related to an initial public offering of Ordinary Shares. The company has applied to list its shares on Nasdaq Capital Market under the symbol NCT.	25M	0

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