Troops, Inc. /Cayman Islands/ (TROO) - 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: 18.06% (2 years)

Historical Dilution Factor: moderate recent dilution

Outstanding Shares

120M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

TROO currently has 121M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 18.06% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Apr 30, 2026	20-F filing \| 120.7M shares outstanding	120M	0
Apr 30, 2025	20-F filing \| 102.2M shares outstanding	100M	0
Apr 29, 2024	20-F filing \| 101.6M shares outstanding	100M	0
Jul 07, 2023	F-3 filing: TROOPS, INC. is offering and selling up to $100,000,000 of any combination of ordinary shares, preferred shares, debt securities, warrants, units, rights, or any combination thereof.	47M	54M
May 01, 2023	20-F filing \| 101.6M shares outstanding	100M	0
May 10, 2022	20-F filing \| 101.6M shares outstanding	100M	34K
Sep 02, 2021	F-1 filing: This is an F-1 filing detailing the expenses expected to be incurred in connection with an offering, excluding underwriting discounts and advisory fees.	100M	0
Jul 07, 2021	20-F filing \| 101.6M shares outstanding	100M	0
Jun 15, 2020	20-F filing \| 96.1M shares outstanding	96M	0

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