LBGJ Li Bang International Corp Inc.
Price Chart
Executive Summary
Li Bang International upsized its at-the-market (ATM) equity offering from $20M to $60M, a massive 30x its $2M market cap. Already $9.3M has been sold. This extreme dilution dwarfs any fundamental merits and signals severe financial distress. The company recently regained Nasdaq compliance via a reverse split, but the offering risk is now existential for common shareholders.
Actionable Insight
Massive ongoing dilution is imminent. The ATM program allows continuous sales at market prices, placing relentless downward pressure on the stock. Traders should avoid long exposure and watch for heavy volume indicating active share sales. Any bounce should be treated as a selling opportunity.
Key Facts
- ATM offering increased from $20M to $60M in aggregate gross proceeds
- $9.3M of Class A ordinary shares already sold as of April 1, 2026
- Market cap is only ~$2M, making the maximum offering 30x current equity
- Dilution per share to new investors is $0.62 at assumed $1.18 price
- Net tangible book value would decline $24.7 per share for existing holders post-offering
- Commission to sales agent is 3.5% of gross proceeds
- Company is a controlled company with dual-class structure; 65.2% voting power held by CEO and spouse
Financial Impact
Up to $60M in new shares (30x market cap); $9.3M already sold; per-share dilution of $0.62 at assumed price
Risk Factors
- Extreme dilution from potential full $60M issuance relative to $2M market cap
- Nasdaq delisting risk if price falls below $1 again
- Liquidity risk as ATM sales can accelerate price decline
- Controlled company structure limits minority shareholder protections
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001493152-26-028389 |
| Document: 0001493152-26-028389-index-headers.html | 0001493152-26-028389 |
| Document: 0001493152-26-028389-index.html | 0001493152-26-028389 |
| Document: 0001493152-26-028389.txt | 0001493152-26-028389 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
today
|
6-K
| $1.24 awaiting T+5 | awaiting T+5 | — | $1.19 (+3.64%) |
|
Jun 12, 2026
1d ago
|
424B5
| $1.24 awaiting T+5 | awaiting T+5 | — | $1.19 (+3.64%) |
|
Jun 9, 2026
4d ago
|
6-K
| $1.11 awaiting T+5 | awaiting T+5 | — | $1.19 (+7.21%) |
|
May 13, 2026
4w ago
|
6-K
| $0.8090 $0.9700 | ▼ −19.90% | ▼ −21.06% | $1.19 (−47.10%) |
|
Apr 28, 2026
6w ago
|
6-K
| $0.9680 $0.7700 | ▼ −20.45% | ▼ −22.15% | $1.19 (+22.93%) |
|
Apr 21, 2026
7w ago
|
6-K
| $1.10 $0.9680 | ▲ +12.00% | ▲ +13.08% | $1.19 (−8.18%) |
|
Mar 31, 2026
10w ago
|
6-K
| $1.03 $1.01 | ▼ −1.94% | ▼ −5.89% | $1.19 (+15.53%) |
US Market Status
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