Daily Dilution Report - Apr 21, 2026
All Events
$AVEX (MC: $535M)
- Completed IPO of 18.4M shares at $20.00/share.
- Issued 63.3M Class B shares to ATS Investment Holdings, LLC.
$ANAB (MC: $1.5B)
- Spin-off: Existing stock options converted to adjusted ANAB options and new First Tracks options.
- RSUs continue as ANAB RSUs; PSUs cancelled and replaced with new First Tracks PSUs.
- Equity awards continue to vest; full vesting upon change in control.
$ATII (MC: $310M)
- PIPE financing of $100M for 10M Pubco shares ($10/share), plus 5M PIPE Warrants for 15M shares @ $10/share, and potential 5M additional warrants for 5M shares.
- Up to 90M Pubco earnout shares to be issued on revenue/VWAP milestones (up to $25/share VWAP).
- Sponsor to contribute up to 3.3M shares to secure financing, converting to Pubco common upon close.
$FBRT (MC: $745M)
- The notes issued are debt obligations, not equity. While they represent a claim on the company's assets and cash flows, they do not increase the number of outstanding shares of common stock, which is the primary mechanism of stock dilution.