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Armlogi Holding Corp. logo
BTOC$2.33-16.49%

Armlogi Holding Corp.

Sector: Public Warehousing & StorageIndustry: Integrated Freight & LogisticsCountry: USExchange: Nasdaq

Mkt Cap$6.62M
Float & O/S
Inst Own

DilutionScan read 9 of Armlogi Holding Corp.'s SEC filings and found 1 warrant series, 2 convertibles, 1 equity line, 1 S-1 registration and 1 completed offering on file for BTOC. The latest dilution event on file is a registration statement on Feb 28, 2025. Analysis updated Oct 15, 2026.

Signal8 Summary

BTOC

Going-concern warning, delisting risk, cash crunch

Snapshot

Armlogi is a small logistics and warehousing company with $185.8M in FY2026 revenue, down 2.4%. It lost $20.9M for the year, essentially break-even at the gross-profit line, with losses driven by G&A costs including warehouse rent.

What's Happening Right Now

  • : Short interest fell 48.4% in September to about 110,035 shares, roughly 0.7% of shares outstanding.
  • : Armlogi got a Nasdaq minimum bid price deficiency notice and must comply by November 2, 2026 or face delisting; the board approved a 16-for-1 reverse split on September 21, 2026 to try to fix it.
  • : FY2026 revenue fell 2.4% to $185.8M, net loss widened to $20.9M, and management flagged going concern considerations while cash fell to $6.5M.
  • : CFO Sheng-Kai Hsu resigned effective August 1, 2026 citing personal reasons; Secretary/Treasurer Tong Wu stepped in as interim CFO without extra pay.

Raise routes on file: effective S-1 + active equity line · latest dilution event 613 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Feb 28, 2025 · Registration

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 1

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2024

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 1

What is this?

Exercise price, shares and dates with Pro

Warrant

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 2

What is this?

Principal, conversion terms and dates with Pro

Convertible

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Equity line · 1

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2024

Active

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Offerings · 1

What is this?

Proceeds, price, shares and agent with Pro

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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