Jul. 17 at 2:54 PM
$LBGJ Severe Dilution and ATM Offerings
A major red flag for retail investors is the company’s recent capital-raising activities. In June 2026, Li Bang amended its At-The-Market (ATM) equity program to offer up to
$60 million in Class A ordinary shares. Given that the entire company’s market capitalization sits at less than
$8 million, an offering of this scale represents a massive supply of potential new shares relative to the existing float, posing a severe threat of share dilution for current holders.
