Daily Dilution Report - Mar 16, 2026
All Events
$FTW (MC: $493M)
- Warrants for ~12.8M shares: Public (11.66M @ $11.50) & Private Placement (220K @ $11.50). Series A Preferred Investor Warrants for 937.5K shares @ $0.01.
- Series B Preferred Stock ($27.17M stated value) convertible into 2.71M Class A shares. PIPE Financing issued 8.75M Class A shares @ $10 ($87.5M proceeds).
- Equity Incentive Plan initially reserves 4.64M shares (set to increase annually). Up to 20.52M additional potential shares from RSUs (1.53M), earn-out (1.85M), time-based vesting (3.7M), and convertible units (8.8M).
$ELTX (MC: $210M)
- ATM Program: Up to $100M via ATM, potentially 8.2M shares (@$12.20/share).
- Warrants: 3.56M common warrants (@~$8.13 avg) & 2.63M pre-funded warrants (@$0.01).
- Stock Options: 2.62M shares from employee stock options & 0.65M shares reserved for future issuance.
$ELTX (MC: $210M)
- New ATM program established to issue up to $100M in common stock through B. Riley, JonesTrading, and Ladenburg Thalmann; 3.0% commission.
- Previously disclosed $40M ATM program with JonesTrading Institutional Services LLC was terminated on March 16, 2026; no additional shares may be issued or sold under the terminated agreement.
$NPAC (MC: $318M)
- Redeemable Warrants: exercisable @ $11.50/share.
- Merger consideration: $750M in new common stock to be issued to Abra security holders upon close.
- Transaction Financings: Efforts to raise at least $150M in potential equity or debt.
$ANRO (MC: $692M)
- Private placement for $120M gross proceeds.
- Issued 2.9M common shares & 3.1M pre-funded warrants @ $20.00/share.
- Pre-funded warrants exercisable for 3.1M shares @ $0.0001/share.
$KW (MC: $1.5B)
- The filing focuses on the conditions for the merger, specifically requiring a vote from various classes of Company Voting Stock, which includes common stock, Series A Convertible Preferred Stock, Series B Preferred Stock (and associated warrants), and Series C Preferred Stock (and associated warrants). However, it does not provide the specifics of these warrants or preferred stock that would indicate current or potential future dilution events.