CleanCore Solutions, Inc. (ZONE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 13, 2025

Risk Assessment Details

Potential Dilution: 106.34% of current shares
Recent Dilution: 2280.38% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
200M
Potential Supply
210M
Additional shares possible
Splits
None
Past 2 years

Summary

ZONE currently has 201M outstanding shares. with significant dilution risk as 214M authorized shares could dilute existing holders by 106.3%. The company has significantly diluted shareholders by 2280.38% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 13, 2025

10-Q filing | 201.3M shares outstanding

200M 210M
Sep 24, 2025

S-3 filing: This prospectus relates to the offering of 198,824,955 shares of class B common stock by selling stockholders, including shares issued and shares issuable upon the exercise of warrants, along with warrants to purchase 14,000,034 shares of class B common stock issued to a strategic advisor.

8.5M 210M
Sep 05, 2025

8-K filing: CleanCore Solutions, Inc. completed an offering of pre-funded warrants to purchase shares of Class B common stock for aggregate gross proceeds of $175,000,420. ($175.0M proceeds)

8.5M 1.3M
Sep 02, 2025

8-K filing: CleanCore Solutions, Inc. entered into an amended and restated sales agreement with Maxim Group LLC and Curvature Securities LLC to issue and sell up to $1,150,000,000 of shares of the Company's class B common stock through an at-the-market offering, and also issued shares of class B common stock in exchange for cancellation of debt.

8.5M 1.3M
Aug 26, 2025

S-3 filing: CleanCore Solutions, Inc. is filing an S-3 to offer Class B Common Stock, Preferred Stock, Debt Securities, Depositary Shares, Subscription Rights, and Purchase Contracts up to an aggregate offering price of $1,000,000,000.

8.5M 1.3M
Jun 17, 2025

8-K filing: CleanCore Solutions, Inc. amended its consulting agreement with Birddog Capital, LLC, issuing 500,000 immediately vested restricted stock units to Clayton Adams.

8.5M 1.3M
Jun 11, 2025

8-K filing: CleanCore Solutions, Inc. issued 200,000 shares of its class B common stock to James T. Coyle Legacy Trust to settle a legal obligation related to Matthew Atkinson's settlement agreement, and also issued warrants to Boustead Securities, LLC for the purchase of shares of class B common stock as part of a settlement agreement related to previous engagements.

8.5M 1.3M
May 30, 2025

S-3/A filing: CleanCore Solutions, Inc. may issue class B common stock, preferred stock, depositary shares, debt securities, warrants, subscription rights, purchase contracts and units in one or more offerings, with an aggregate offering price not exceeding $150,000,000.

8.5M 1.3M
May 14, 2025

10-Q filing | 8.5M shares outstanding

8.5M 1.3M
May 13, 2025

S-3 filing: This S-3 filing outlines a shelf registration for various securities including class B common stock, preferred stock, depositary shares, debt securities, warrants, subscription rights, purchase contracts and units, with an aggregate offering price not to exceed $150,000,000.

8.4M 1.3M
Apr 21, 2025

8-K filing: CleanCore Solutions, Inc. completed the acquisition of substantially all the assets of Sanzonate Europe Ltd. and issued warrants and notes in private placements.

8.4M 1.3M
Feb 26, 2025

8-K filing: CleanCore Solutions, Inc. subsidiary, CleanCore Global Limited, entered into an Asset Purchase Agreement to acquire substantially all of the assets of Sanzonate Europe Inc. for $2,475,000 plus a warrant to purchase 425,000 shares of CleanCore Solutions, Inc.'s class B common stock at $1.25 per share.

8.4M 1.3M
Feb 14, 2025

10-Q filing | 8.4M shares outstanding

8.4M 1.3M
Jan 31, 2025

8-K filing: CleanCore Solutions Inc. reports that Clayton Adams sold and assigned $125,000 of an OID Note to Travis Buchanan for $100,000, resulting in the issuance of new OID Notes to Mr. Buchanan and Mr. Adams. ($0.1M proceeds)

8.2M 1.3M
Nov 13, 2024

10-Q filing | 8.2M shares outstanding

8.2M 1.3M
Sep 20, 2024

10-K filing | 8.0M shares outstanding

8M 1.3M
Jun 10, 2024

10-Q filing | 8.0M shares outstanding

8M 1.3M
May 01, 2024

8-K filing: CleanCore Solutions, Inc. completed an initial public offering of 1,250,000 shares of class B common stock at $4.00 per share, resulting in gross proceeds of $5,000,000. ($5.0M proceeds)

5.3M 1.3M
Mar 27, 2024

S-1/A filing: This is an S-1/A filing for an offering of 1,250,000 shares of class B common stock with an estimated initial public offering price between $4.00 and $6.00 per share.

5.3M 1.3M
Mar 15, 2024

S-1/A filing: This S-1/A filing describes an offering of 1,250,000 shares of class B common stock with an estimated initial public offering price between $4.00 and $6.00 per share.

5.3M 1.3M
Mar 08, 2024

S-1/A filing: This S-1/A filing from March 8, 2024, relates to an offering of 1,250,000 shares of class B common stock with an estimated offering price between $4.00 and $6.00 per share. The filing also mentions that there were 5,305,940 shares of class B common stock outstanding as of March 7, 2024.

5.3M 1.3M
Feb 23, 2024

S-1/A filing: This is an S-1/A filing for an initial public offering of class B common stock with an assumed offering price of $5.00 per share.

5.3M 1M
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