Daily Dilution Report - Apr 20, 2026
All Events
$EVTL (MC: $306M)
- $500M Equity Line of Credit (SEPA) over 36mo, shares sold at 97% of VWAP; $2M commitment shares for SEPA fee.
- Up to $250M Convertible Preferred Stock commitment over 24mo (variable conversion price); $24M initial proceeds.
- $50M At-the-Market (ATM) program active. Existing Convertible Senior Secured Notes for 41.8M shares (conv. $3.50); right to purchase up to $50M new notes (conv. $3.50). Potential dilution from 22.3M warrants, 10.6M share options ($2.11 avg. exercise), and 8.2M shares reserved.
$EVTL (MC: $306M)
- Up to $250M convertible preferred stock facility with YA II PN, Ltd., potential for ~41.8M shares from initial issue ($0.598 floor).
- Up to $500M Equity Line of Credit (ELOC) with YA II PN, Ltd. (priced at 97% VWAP) and a $50M ATM program.
- New $50M Convertible Senior Secured Notes commitment from Mudrick Capital ($3.50/share); authorized shares set to increase to 1B from 200M.
$GIG (MC: $356M)
- Convertible Note: $293K to Sponsor, convertible @ $10/unit upon biz combo close (~29.3K potential shares).
- Business Combination: 60M shares to be issued to Hadron Energy shareholders @ $10/share upon close.
- Registered Warrants: exercisable @ $11.50/share (each for one Class A share).
$SILA (MC: $1.4B)
- Merger to result in cancellation of existing shares for cash.
- No instruments identified representing future stock dilution.
$USAR (MC: $1.9B)
- Merger: 126.8M common shares to be issued to SVRE shareholders as merger consideration.
- Equity Awards: Performance-Vesting Options to be cancelled & converted into USAR RSUs, based on a $18.0135 divisor.
- Registration Rights: Agreement allows resale of merger shares, potentially adding market supply.