Tungray Technologies Inc (TRSG) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: April 23, 2026

Risk Assessment Details

Potential Dilution: 22.26% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

12M

Potential Supply

2.6M

Additional shares possible

Splits

None

Past 2 years

Summary

TRSG currently has 11.8M outstanding shares. with moderate dilution risk from 2.63M authorized shares representing 22.3% potential dilution. 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
Apr 23, 2026	20-F filing \| 11.8M shares outstanding	12M	2.6M
May 14, 2025	20-F filing \| 11.8M shares outstanding	12M	2.6M
Apr 26, 2024	20-F filing \| 10.4M shares outstanding	10M	2.6M
Mar 10, 2023	F-1 filing: This is an F-1 filing for the initial public offering of 2,500,000 Class A ordinary shares of Tungray Technologies Inc, with an expected price range of $4.00 to $6.00 per share. The company has granted the underwriters an option to purchase up to an additional 15% of the Class A Ordinary Shares to cover over-allotments and will grant underwriters warrants to purchase Class A Ordinary Shares equal to 5% of the total number of Class A Ordinary Shares sold in the offering.	10M	2.6M

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