Zhongchao Inc. (ZCMD) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 2634.61% of current shares
Recent Dilution: 1278.03% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
3.2M
Potential Supply
85M
Additional shares possible
Splits
None
Past 2 years

Summary

ZCMD currently has 3.23M outstanding shares. with significant dilution risk as 85.1M authorized shares could dilute existing holders by 2634.6%. The company has significantly diluted shareholders by 1278.03% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

F-1 filing: Zhongchao Inc. is offering up to 5,555,555 units, each consisting of one Class A Ordinary Share, or, in lieu thereof, a Pre-Funded Warrant, and one Warrant to purchase one Class A Ordinary Share.

3.2M 85M
Apr 03, 2026

20-F filing | 3.4M shares outstanding

3.4M 18M
Apr 25, 2025

20-F filing | 24.8M shares outstanding

25M 0
Dec 19, 2024

F-3 filing: This F-3 filing relates to the resale of 19,600,000 Class A ordinary shares by selling shareholders.

1.8M 20M
May 23, 2024

F-3 filing: Zhongchao Inc. may offer and sell up to $300,000,000 in the aggregate of Class A ordinary shares, preferred shares, warrants, debt securities, rights or any combination of the foregoing.

1.8M 250K
Apr 30, 2024

20-F filing | 2.1M shares outstanding

2.1M 17M
May 12, 2023

20-F filing | 20.5M shares outstanding

21M 0
May 09, 2022

20-F filing | 19.5M shares outstanding

19M 0
May 17, 2021

F-3 filing: Zhongchao Inc. is filing an F-3 to offer 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 comprised of one or more of the other securities up to $45,000,000 in the aggregate.

16M 3.3M
Apr 30, 2021

20-F filing | 19.4M shares outstanding

19M 0
May 08, 2020

20-F filing | 16.1M shares outstanding

16M 0
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