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KXIN$2.21+5.00%

Kaixin Holdings

Sector: Retail-Auto Dealers & Gasoline StationsCountry: CNExchange: Nasdaq

Mkt Cap$99.84M
Float & O/S
Inst Own

DilutionScan read 16 of Kaixin Holdings's SEC filings and found 6 warrant series, 6 convertibles, 2 shelf registrations and 5 completed offerings on file for KXIN. The latest dilution event on file is an agreed share issuance on Aug 26, 2026. Analysis updated Oct 7, 2026.

Signal8 Summary

KXIN

Going-concern warning, extreme dilution

Snapshot

Kaixin is a tiny, near-shell auto dealer whose core business has essentially disappeared: FY2025 revenue was just $129,000, with a negative gross margin and a $53.9 million net loss.

What's Happening Right Now

  • : Kaixin's H1 2026 revenue jumped to $667,000 from a tiny base, but gross profit nearly vanished and auditors flagged substantial doubt about the company's ability to keep operating, with only $679,000 in cash against $9.3 million of current liabilities.
  • : After its stock collapsed following the Taohaoche acquisition announcement, Kaixin's board approved doubling the seller's share consideration to 20,000,000 Class A shares, adding further dilution for existing shareholders.
  • : Kaixin agreed on August 26, 2026 to acquire Hongkong Taohaoche Limited, a Hong Kong auto wholesale/retail business, paying with 10,000,000 new shares tied to multi-year revenue targets through 2032.

Raise routes on file: effective shelf · latest dilution event 69 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

Aug 26, 2026 · Issuance Agreed

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

Warrants · 6

What is this?

Exercise price, shares and dates with Pro

Warrant

Issued 2020

Outstanding

Shares Underlying

Exercise Price

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

Warrant

Issued 2020

Outstanding

Shares Underlying

Exercise Price

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

Warrant

Expired

Shares Underlying

Exercise Price

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

Warrant

Expired

Shares Underlying

Exercise Price

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

Warrant

Issued 2024

Expired

Shares Underlying

Exercise Price

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

Warrant

Issued 2023

Expired

Shares Underlying

Exercise Price

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

Convertibles · 6

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

Series D Convertible Preferred Shares

Outstanding

Principal

Conversion Price

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

Series F Convertible Preferred Shares

Outstanding

Principal

Conversion Price

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

Series G Convertible Preferred Shares

Outstanding

Principal

Conversion Price

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

Series H Convertible Preferred Shares

Outstanding

Principal

Conversion Price

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

Series I Convertible Preferred Shares

Outstanding

Principal

Conversion Price

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

Shelf · 2

What is this?

Capacity, dates and baby-shelf status with Pro

F-3 shelf registration

Issued 2023

Superseded

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

F-3 shelf registration

Issued 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 5

What is this?

Proceeds, price, shares and agent with Pro

PIPE

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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