Daily Dilution Report - Mar 19, 2026
All Events
$CD (MC: $321M)
- Direct Offering of 6.5M ordinary shares.
- Priced at $0.774/share, totaling $5.031M.
- Sold to six non-U.S. investors.
$CBL (MC: $1.2B)
- The filing primarily concerns the refinancing of an existing term loan through a new $425 million non-recourse loan. This is a debt financing transaction and does not involve the issuance of new equity or instruments that would directly dilute existing shareholders' ownership.
$LAC (MC: $956M)
- ATM Program for up to $250M (up to 58.4M shares assuming $4.28/share).
- Convertible Note from Orion: 29.85M Common Shares issuable upon conversion.
- Warrants (U.S. Department of Energy): 18.28M Common Shares issuable upon exercise @ $0.01/share.
$DVLT (MC: $261M)
- Issued 78.9M shares of common stock as merger consideration for NYIAX acquisition.
- Up to 10M additional shares to be issued contingent on a reverse stock split within 120 days.
- Up to 13M restricted earn-out shares to be issued contingent on a Trading Market Transaction within 12 months.
$LAC (MC: $956M)
- ATM Program for $250M.
- Allows sale of common shares from time to time via "at the market offering."
$IBCP (MC: $674M)
- Merger Agreement with HCB Financial Corp. to issue new IBCP common stock.
- HCB shareholders to receive 1.59 shares of IBCP common stock and $17.51 cash per HCB share.
- Aggregate merger consideration approx. $70.2M.
$NEWT (MC: $335M)
- ATM Program for up to $50M via Senior Notes and/or Depositary Shares.
- Includes up to $50M Convertible Notes (Senior Notes) and up to $50M Convertible Preferred Stock (Depositary Shares) as part of ATM.
$INV (MC: $211M)
- Warrants: Multiple tranches (Innventure, WTI, Series A) for up to 24.3M shares, with ~$227.4M potential proceeds (Innventure & Series A).
- Preferred Stock: Series B & C, convertible into up to 11.7M shares at a reset conversion price (min $5.00/share).
- SEPA: Up to $75M equity line with Yorkville, $66.6M remaining, may issue up to 16.2M shares at a discount to VWAP.
$CTMX (MC: $746M)
- Direct Offering of 45.99M common shares at $5.30/share.
- Pre-Funded Warrants for 1.18M shares issuable at $0.00001/share.
- Potential dilution from 16.71M outstanding stock options ($5.12 avg.) and 5.77M tranche warrants ($3.77/share).