KXIN$2.19+4.29%
Kaixin Holdings
Sector: Retail-Auto Dealers & Gasoline StationsCountry: CNExchange: Nasdaq
Mkt Cap:$99.16M
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.
