Top KingWin Ltd (WAI) - Dilution Analysis

Visualizing historical and potential share dilution over time

View Stock Details

Chase Ink Business Preferred®

Earn Up to 150K Bonus Points

Transfer points to 14+ airline & hotel partners. Up to 40% upgrade value on first class travel. $95/yr.

Apply Now

Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: April 08, 2026

Risk Assessment Details

Potential Dilution: 130.53% of current shares

Recent Dilution: 2.37% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

2.3M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

WAI currently has 2.3M outstanding shares. with significant dilution risk as 3M authorized shares could dilute existing holders by 130.5%. The company has minimally diluted shareholders by 2.37% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Apr 08, 2026	20-F filing \| 2.3M shares outstanding	2.3M	3M
Apr 17, 2025	20-F filing \| 179.2M shares outstanding	180M	3M
Nov 06, 2024	F-3 filing: Top KingWin Ltd. may offer and sell up to $200,000,000 in the aggregate of Class A ordinary shares, debt securities, warrants, units and rights to purchase Class A Ordinary Shares, or debt securities, rights or any combination of the foregoing.	180M	3M
Apr 30, 2024	20-F filing \| 12.0M shares outstanding	12M	3M
May 16, 2023	20-F filing \| 8.2M shares outstanding	8.2M	3M
Jan 18, 2023	F-1 filing: This is an F-1 filing for an initial public offering of Class A Ordinary Shares of Top KingWin Ltd.	11M	3M

Back to WAI Details