ATIF Holdings Ltd (ZBAI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
ZBAI currently has 10.3M outstanding shares. with significant dilution risk as 84.4M authorized shares could dilute existing holders by 818.4%. The company has significantly diluted shareholders by 82.38% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Dec 29, 2025 |
F-3 filing: ATIF Holdings Limited files an F-3 registration statement to offer and sell up to $500,000,000 in the aggregate of ordinary shares, preferred shares, warrants to purchase Ordinary Shares or preferred shares, debt securities, rights or any combination of the foregoing, either individually or as units, and also relates to the resale by certain selling shareholders of up to (i) 9,000,000 units, (ii) 9,000,000 Ordinary Shares underlying the Units, (iii) 9,000,000 Warrants underlying the Units, and (iv) 9,000,000 Ordinary Shares issuable upon the exercise of the Warrants. |
10M | 84M |
| Dec 09, 2025 |
20-F filing | 23.6M shares outstanding |
24M | 48M |
| Jul 31, 2025 |
8-K filing: ATIF Holdings Limited completed the sale of 5,434,782 ordinary shares at $0.368 per share to non-U.S. investors for gross proceeds of $2 million on July 29, 2025. Following the closing, the company has 23,639,787 ordinary shares outstanding. ($2.0M proceeds) |
24M | 48M |
| Jun 06, 2025 |
10-Q filing | 17.2M shares outstanding |
17M | 48M |
| Apr 18, 2025 |
S-1/A filing: This is an S-1/A filing for an offering of up to 2,467,553 ordinary shares underlying restricted warrants, which can be exercised at a price of $1.20 per share by selling stockholders. |
17M | 48M |
| Mar 21, 2025 |
S-1 filing: S-1 filing for offering of Ordinary Shares underlying Restricted Warrants. |
17M | 48M |
| Mar 13, 2025 |
10-Q filing | 17.3M shares outstanding |
17M | 46M |
| Feb 05, 2025 |
8-K filing: ATIF Holdings Limited completed a registered direct offering of 1,580,000 ordinary shares, pre-funded warrants to purchase up to 887,553 ordinary shares, and restricted warrants to purchase up to 2,467,553 ordinary shares, for gross proceeds of approximately $2.5 million. ($2.5M proceeds) |
12M | 46M |
| Jan 21, 2025 |
8-K filing: ATIF Holdings Limited completed a registered direct offering on January 21, 2025, selling 3,820,000 ordinary shares at $1.25 per share, resulting in gross proceeds of approximately $4.7 million. ($4.7M proceeds) |
12M | 46M |
| Dec 19, 2024 |
10-Q filing | 11.9M shares outstanding |
12M | 46M |
| Nov 13, 2024 |
10-K filing | 11.9M shares outstanding |
12M | 46M |
| Jun 14, 2024 |
10-Q filing | 11.9M shares outstanding |
12M | 46M |
| May 29, 2024 |
S-3 filing: This S-3 filing relates to the offering and resale of 2,290,000 ordinary shares by selling stockholders, who acquired these shares through a private placement at $1.23 per share and a deferred salary conversion at $0.91 per share. The company will not receive any proceeds from this sale. |
9.6M | 46M |
| May 01, 2024 |
8-K filing: The Company entered into a deferred salary conversion agreement with Mr. Jun Liu, president, chief executive officer and chairman of the board of directors, to issue 384,478 ordinary shares in lieu of an unpaid salary of $349,875 at a per share price of $0.91. ($0.35M proceeds) |
9.6M | 44M |
| Apr 19, 2024 |
8-K filing: ATIF Holdings Limited entered into a Securities Purchase Agreement to sell 1,092,512 newly issued ordinary shares at $1.23 per share, receiving gross proceeds of $1,343,789.76. ($1.34M proceeds) |
9.6M | 44M |
| Mar 18, 2024 |
10-Q filing | 9.6M shares outstanding |
9.6M | 44M |
| Dec 15, 2023 |
10-Q filing | 9.6M shares outstanding |
9.6M | 44M |
| Nov 13, 2023 |
10-K filing | 9.6M shares outstanding |
9.6M | 44M |
| Jun 14, 2023 |
10-Q filing | 9.6M shares outstanding |
9.6M | 44M |
| Mar 17, 2023 |
10-Q filing | 9.6M shares outstanding |
9.6M | 44M |
| Mar 08, 2023 |
S-3/A filing: ATIF Holdings Limited is filing an S-3/A to offer ordinary shares, preferred shares, warrants to purchase ordinary shares, rights to purchase ordinary shares, or a combination of these securities for an aggregate initial offering price of up to $100,000,000. |
9.6M | 44M |
| Feb 10, 2023 |
S-3/A filing: ATIF Holdings Limited is filing an S-3/A to register the potential sale of ordinary shares, preferred shares, warrants, rights, or a combination of these securities for an aggregate initial offering price of up to $100,000,000. |
9.6M | 44M |
| Dec 21, 2022 |
S-3 filing: This S-3 filing by ATIF Holdings Limited covers the potential offering of ordinary shares, preferred shares, warrants, rights, or a combination of these securities, for an aggregate initial offering price of up to $100,000,000. |
9.6M | 4.7M |
| Dec 15, 2022 |
10-Q filing | 9.6M shares outstanding |
9.6M | 4.7M |
| Nov 18, 2022 |
RW filing: ATIF Holdings Limited has withdrawn its proposed public offering, as indicated in the RW filing dated 2022-11-18, and confirms that no securities have been sold pursuant to the Registration Statement. |
9.5M | 4.7M |
| Nov 02, 2022 |
10-K filing | 9.5M shares outstanding |
9.5M | 9.5M |
| Dec 09, 2021 |
20-F filing | 9.2M shares outstanding |
9.2M | 9.5M |
| Apr 27, 2021 |
F-1 filing: This is an F-1 filing for Global Capital, Inc. regarding the offering of shares and warrants and recent sales of unregistered securities, including warrants sold in a private placement. |
47M | 9.5M |
| Jan 06, 2021 |
F-1 filing: Resale of 4,739,130 ordinary shares issuable upon exercise of outstanding warrants by selling shareholders. The company will not receive any proceeds from the sale of these shares. |
47M | 4.7M |
| Dec 31, 2020 |
20-F filing | 47.0M shares outstanding |
47M | 0 |
| Jun 12, 2020 |
F-3 filing: ATIF Holdings Limited is filing an F-3 registration statement to offer ordinary shares, preferred shares, debt securities, warrants, or units for an aggregate initial offering price not to exceed $50,000,000. |
47M | 0 |