Sound Group Inc. (SOGP) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 261.06% (2 years)

Historical Dilution Factor: significant recent dilution

Outstanding Shares

830M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

SOGP currently has 835M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 261.06% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Apr 30, 2026	20-F filing \| 834.8M shares outstanding	830M
Apr 29, 2025	20-F filing \| 231.2M shares outstanding	230M
Oct 31, 2024	20-F filing \| 231.2M shares outstanding	230M
Apr 28, 2023	20-F filing \| 231.2M shares outstanding	230M
Apr 27, 2022	20-F filing \| 783.1M shares outstanding	780M
Mar 26, 2021	20-F filing \| 693.2M shares outstanding	690M
Mar 26, 2021	F-3 filing: LIZHI INC. is offering up to US$200,000,000 of any combination of Class A ordinary shares, Class A ordinary shares in the form of American Depositary Shares, preferred shares, debt securities, warrants, rights, and units.	670M
Apr 20, 2020	20-F filing \| 260.0M shares outstanding	260M

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