S-1 · primary and resale
Issued 2025
Proposed maximum
Shares registered
- Filed
- Effective
TDIC$1.71-1.72%
Dreamland Ltd
Sector: Services-Management ServicesIndustry: Advertising AgenciesCountry: HKExchange: Nasdaq
Mkt Cap:$6.47M
Float & O/S:
Inst Own:
DilutionScan read 34 of Dreamland Ltd's SEC filings and found 2 warrant series, 1 equity line, 3 S-1 registrations and 5 completed offerings on file for TDIC. The latest dilution event on file is an offering on Oct 9, 2026. Analysis updated Oct 14, 2026.
Signal8 Summary
7d old
TDIC
Swung to large loss, heavy dilution overhang
- Business
- WeakNet loss $9.4M vs $6.5M revenue, gross margin 0.9%
- Stock risk
- High$5.7M micro-cap, two reverse splits in 2026, warrants 34.5% of shares
Snapshot
Dreamland runs themed traveling entertainment events out of Hong Kong. Revenue grew 10.6% to $6.5M in FY2026, but gross profit collapsed to just $56K (0.9% margin), and the company posted a net loss of $9.4M versus $819K profit the year before.
What's Happening Right Now
- : On Oct 9, 2026, Dreamland sold 300,000 Class A shares to CEO Seto Wai Yue for $600,000, plus 300,000 penny warrants convertible into up to 1.2 million more shares at a near-zero $0.01 exercise price, without a shareholder vote.
- : Raised $600K in gross proceeds through a private placement (PIPE), with warrants over 1.20M shares.
- : Dreamland's FY2026 20-F (fiscal year ended March 31, 2026) showed revenue up about 10.7% to roughly HK$50.7 million but a swing to a net loss of about HK$74.1 million from a prior-year profit, alongside auditor-identified material weaknesses in internal controls and customer concentration risk.
- : On Aug 6, 2026, CEO Seto Wai Yue bought 320,000 Class A shares from a third-party fund for $1.2 million, raising her stake from about 22% to about 31.4% of shares outstanding; Dreamland itself was not a party to the deal.
- : Raised $2.44M in gross proceeds through a private placement (PIPE).
- : Raised $1.43M in gross proceeds through a private placement (PIPE).
Raise routes on file: effective S-1 + active equity line · latest dilution event 25 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 9, 2026 · Offering
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
Completed
S-1 · primary offering
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
S-1 · resale registration
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
Warrant
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2026
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Equity line
Issued 2025
Commitment
Sold to date
Remaining
- Agreement date
- Term ends
- Discount
Public offering
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
PIPE
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
PIPE
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
PIPE
Issued 2026
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
PIPE
Issued 2026
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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