S-1 · primary offering
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
SPHL$2.28+0.44%
Springview Holdings Ltd
Sector: General Bldg Contractors - Residential BldgsIndustry: Residential ConstructionCountry: SGExchange: Nasdaq
Mkt Cap:$5.16M
Float & O/S:
Inst Own:
DilutionScan read 18 of SPRINGVIEW HOLDINGS LTD's SEC filings and found 2 S-1 registrations and 1 completed offering on file for SPHL. The latest dilution event on file is a registration statement on Jan 23, 2026. Analysis updated Oct 5, 2026.
Signal8 Summary
13d old
SPHL
Near-term cash crunch, heavy dilution overhang
- Business
- Weak1.2-month runway, FY2025 net loss $1.8M on $6.1M revenue
- Stock risk
- High$5.5M micro-cap, reverse split, shares +327% YoY
Snapshot
Springview is a tiny Singapore construction micro-cap worth $5.5M. FY2025 revenue fell 11.4% to $6.1M with a $1.8M net loss, though the most recent half-year showed revenue up 38.4% and the loss narrowing.
What's Happening Right Now
- : Springview's six-month revenue rose 38.4% to US$3.99 million and its net loss narrowed 38% to US$243,566, but cash fell to S$1.72 million from S$3.81 million as operating cash outflow widened, and management flagged that further financing could dilute shareholders.
- : Springview filed a corrected 6-K confirming independent director Hung Yu Wu resigned from the board in March 2026 and was replaced by Chin Leng Tan, who now chairs the nominating and governance committee.
- : Registered 2.69M shares for sale on Form S-1.
- : Priced a private placement (PIPE) for $1.50M in gross proceeds (closing not yet reported in the filings reviewed).
- : Registered 225K shares for sale on Form S-1.
Raise routes on file: effective S-1 · latest dilution event 284 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
Jan 23, 2026 · Registration
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
Effective
S-1 · resale registration
Issued 2024
Proposed maximum
Shares registered
- Filed
- Effective
PIPE
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
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