Dilution profile // every instrument, one screen, from SEC filings

NaaS Technology Inc. (NAAS)

CIK 1712178 · all EDGAR filings →

Overall dilution risk
HIGHworst of 2 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGH$227M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
NOT COMPUTEDno warrant count tagged in XBRL
= warrant shares outstanding divided by current shares outstanding
absence of a tag is not proof of absence of warrants
Historical dilution
NOT COMPUTEDnewest single-total cover-page count is as of 2021-12-31
= share count now vs 3 years ago
not rated: the company has filed periodic reports since (newest: 20-F filed 2025-07-09) with no single-total cover-page count in SEC's companyfacts, which omits counts filed per share class
Cash need
HIGH~0.4 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2017-12-312021-12-31

Newest single-total count on a cover page: 113.0M as of Dec 31, 2021 (20-F). Not used as today’s count, because the company has filed periodic reports since (newest: 20-F filed 2025-07-09) with no single-total cover-page count in SEC's companyfacts, which omits counts filed per share class.

⊙
EVIDENCE — filed/published fact
SourceSEC XBRL, cover-page share count
Fielddei:EntityCommonStockSharesOutstanding
As of2021-12-31
HowKept on the chart with its date. No estimate, rating or current-share figure on this page is built on it.
Open the source document →

Cash runway

~0 months of cash left

critical · burning $21.2M / quarter

Full breakdown: cash runway tool

Warrants

No warrant figures tagged in this filer’s XBRL facts. That means the company has not reported them in structured form; it does not prove no warrants exist. The exhibits are the ground truth.

Convertible notes

The latest 10-Q/10-K instance document could not be checked just now, so nothing is shown rather than guessed. Try again shortly.

Registrations and offerings

Registered offering capacity on live registrations: $227.2Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

F-3Nov 6, 2026$200.0M registeredfiling →
F-1Mar 11, 2026$27.2M registeredfiling →

Last 12 months: 0 executed · 3 registered.

REGISTEREDNov 6, 2026F-3 registration — capacity to sell shares, not a sale yetF-3 →
EFFECTIVEMay 1, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDApr 24, 2026F-1/A registration — capacity to sell shares, not a sale yetF-1/A →
REGISTEREDMar 11, 2026F-1 registration — capacity to sell shares, not a sale yetF-1 →
EXECUTEDMar 31, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDDec 23, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDDec 16, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDSep 10, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
UPDATEJun 18, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
UPDATEJun 6, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
EXECUTEDMar 14, 2024Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDNov 22, 2023Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

Keep going: float checker · offering calendar · short-squeeze screener · full NAAS workspace

Free to use. No account, no card.