TDICDreamland Ltd · NASDAQ Capital Market · $5.40M mkt cap
Assessed Aug 28, 2026 · Reassessment
Is the float you're seeing correct?
1.96M
Estimated float

Outstanding (post 1-for-5 April 2026 and 1-for-25 June 2026 reverse splits) less CEO Seto Wai Yue's Form 4/A holdings less residual restricted/insider block.

Understated 4.3×
455.7K
Reported float

Data-service feed, fetched today. The number TradingView and most screeners show.

Your screener is showing a float that no longer exists. Trade off 1.96M shares.

Dilution risk7/10HIGH
CONFIDENCE: MEDIUM

The float your screener shows is understated 4.3×: 455.7K reported, 1.96M actual. 1 floorless convertible note and 2 reverse splits can add another 86% of the float.

  • Variable-rate equity line (floating discount to lows). The Hudson Global Ventures $18,000,000 Equity Purchase Agreement prices puts at the lesser of 91% of the average of the three LOWEST traded prices over the prior ten trading days, or 91% of the LOWES…

  • Reverse split history / prior dilution cycle. Two reverse splits in 57 days — 1-for-5 effective 2026-04-20 and 1-for-25 effective 2026-06-15 — for a cumulative 1-for-125 compression.

  • Rapid share count growth. On a split-adjusted basis (divide all pre-June 2026 counts by 125), shares outstanding went from 229,280 equivalent at 2025-03-31 to 3,485,583 today — a roughly 1,420% increase in seventeen months.

From today's float to the ceiling

shares
1.96M
Estimated float
tradeable today
+5.9K can sell now
1.96M
Effective supply
float plus what sells on notice
+2.76M if floors are cut and warrants exercise
4.73M
Fully diluted
ceiling

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
1.96M
Can sell now
Registered resale shares, issuable on notice
Already effective; the holder can sell without a further filing.
+5.9K
Warrants in the money
None of the outstanding warrants are exercisable at this price.
+0
Effective supply
1.96M
Converts only if floors are cut
Convertible notes, beyond the registered shares
At the stated conversion prices; a cut to those prices raises the count.
+1.15M
Above the current price
Warrants out of the money
Struck above the current tape; supply only if the stock rises.
+520.0K
Other, per engine ceiling
Included in the engine's fully-diluted count but not itemised in the filings we parsed.
+1.09M
Fully diluted
4.73M

Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.

See the full breakdown

Red flags, financing counterparties, the deal timeline, and every SEC filing — free with an account.

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The facts

Price
—
Market cap
$5.40M
Shares outstanding
3.49M
Reported float
455.7K
Avg volume
2.81M
Reverse splits
2 · latest 1-for-25 · Jun 15, 2026
Going concern
No
Quarterly burn
$2.37M

Market data as of Oct 25, 2026

Key dates

  • Dec 3, 2027 · Hudson Global ELOC 24-month commitment period expires