S-1 · resale registration
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
NWGL$0.0557-11.39%
CL Workshop Group Ltd
Sector: Lumber & Wood Products (No Furniture)Industry: Paper, Lumber & Forest ProductsCountry: CNExchange: Nasdaq
Mkt Cap:$2.5M
Float & O/S:
Inst Own:
DilutionScan read 29 of CL Workshop Group Ltd's SEC filings and found 1 warrant series, 1 convertible, 1 ATM program, 1 shelf registration, 1 S-1 registration and 1 completed offering on file for NWGL. The latest dilution event on file is ATM sales on Oct 6, 2026. Analysis updated Oct 14, 2026.
Signal8 Summary
18d old
NWGL
Going-concern doubt, shrinking revenue, huge dilution
- Business
- WeakRevenue down 64% H1, net loss $5.9M, going-concern doubt
- Stock risk
- HighMicro-cap, $200M ATM vs $26M mcap, 675% overhead supply
Snapshot
This is a small forestry and wood-products company whose business is contracting fast: FY 2025 revenue fell 32% to $14.6M, and the first half of 2026 was down 64% further.
What's Happening Right Now
- : NWGL regained Nasdaq minimum bid price compliance after closing at $1.00 or higher for 10 straight sessions through September 15, 2026, closing out the deficiency matter.
- : Interim results for H1 2026 showed revenue of $3.0 million, down about 64% from $8.1 million a year earlier, citing weak wood demand and the Chinese property downturn.
- : NWGL filed for a $200 million at-the-market share sale program, disclosing going-concern doubt in its 2025 financials alongside a Nasdaq bid-price compliance deadline of November 2, 2026.
- : A subsidiary agreed to sell loss-making unit Swift Top Capital Resources for $1 nominal consideration, a move the board says removes a drag on profitability though it cuts pro forma FY2025 revenue to $7.71 million.
- : Independent director Heung Ming Henry Wong resigned from the board and committee chair roles on August 15, 2026, citing personal reasons, with Haijiang Cui and Dr. Kin Shing Charles Lau taking over governance roles.
- : Registered 393.60M shares for sale on Form S-1.
- : Raised $2.46M in gross proceeds through a private placement (PIPE), with warrants over 36.90M shares.
- : Registered $200.00M of securities for sale on Form F-3.
Raise routes on file: active ATM + effective shelf + effective S-1 · latest dilution event 28 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
Oct 6, 2026 · ATM Sale
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Effective
Warrant
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
ATM program
Issued 2026
Total capacity
Sold to date
Remaining capacity
- Sales agent
- Agreement date
- Commission
F-3 shelf registration
Issued 2026
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
PIPE
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your NWGL trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
