Wellchange Holdings Co Ltd (WCT) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

High Risk

Significant dilution risk

Last updated: December 02, 2025

Risk Assessment Details

Potential Dilution: 86.13% of current shares

Recent Dilution: 231.28% (2 years)

Historical Dilution Factor: significant recent dilution

Outstanding Shares

150M

Potential Supply

130M

Additional shares possible

Splits

None

Past 2 years

Summary

WCT currently has 153M outstanding shares. with significant dilution risk as 132M authorized shares could dilute existing holders by 86.1%. The company has significantly diluted shareholders by 231.28% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
Dec 02, 2025	F-1 filing: This F-1 filing from 2025-12-02 details several corporate actions including an over-allotment option exercise, a secondary public offering, an equity incentive plan, a share re-classification, and a private placement.	150M	130M
May 16, 2025	20-F filing \| 46.3M shares outstanding	46M	0
Dec 23, 2024	F-1 filing: This F-1 filing describes an offering of Ordinary Shares by Wellchange Holdings Company Limited.	N/A	0

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