TOP Financial Group Ltd (TOP) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
TOP currently has 37M outstanding shares. with limited dilution risk as only 5.75M additional shares (15.5%) are authorized for issuance. The company has significantly diluted shareholders by 429.07% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Aug 13, 2025 |
20-F filing | 37.0M shares outstanding |
37M | 5.8M |
| Apr 30, 2025 |
POS AM filing: This POS AM filing from TOP Financial Group Limited outlines a potential offering of various securities, including Class A ordinary shares, share purchase contracts, share purchase units, warrants, debt securities, rights, or units, with an aggregate initial offering price not to exceed $300,000,000. |
7M | 5.8M |
| Apr 04, 2025 |
POS AM filing: This POS AM filing relates to a potential offering of Class A ordinary shares, share purchase contracts, share purchase units, warrants, debt securities, rights or units with an aggregate offering price not exceeding $300,000,000. |
7M | 5.8M |
| Mar 14, 2025 |
POS AM filing: This POS AM filing from TOP Financial Group Limited outlines a potential offering of various securities, including Class A ordinary shares, share purchase contracts, share purchase units, warrants, debt securities, rights, or units, with an aggregate offering price not exceeding $300,000,000. |
7M | 5.8M |
| Dec 02, 2024 |
POS AM filing: This POS AM filing details the corporate structure, business overview, and risk factors of TOP Financial Group Limited, including a shelf registration for the sale of Class A ordinary shares and other securities up to $300,000,000. |
37M | 5.8M |
| Jul 30, 2024 |
20-F filing | 37.0M shares outstanding |
37M | 5.8M |
| Jun 30, 2023 |
20-F filing | 34.2M shares outstanding |
34M | 5.8M |
| Jun 30, 2023 |
F-3 filing: This is an F-3 filing for a Cayman Islands holding company, TOP Financial Group Limited, which operates an online brokerage firm in Hong Kong, specializing in trading of local and overseas equities, futures, and options products. |
5M | 5.8M |
| Aug 16, 2022 |
20-F filing | 30.0M shares outstanding |
30M | 5.8M |
| Sep 10, 2021 |
F-1 filing: This is an F-1 filing for an initial public offering of Ordinary Shares, with an estimated offering price between US$5.00 and US$6.00 per share, seeking to list on the Nasdaq Capital Market under the symbol "TOP". |
30M | 5.8M |