Dilution Alert: $AQST (MC: $436M)
- Oaktree: 230,271 warrant shares exercisable @ $4.18 (Tranche A $55M term loan)
- Tranche B/C draws trigger addl warrants (1.75% of drawn amt @ lower of $4.18 or VWAP)
- 4.99%/9.99% blocker; resale registration due within 45 days
Potential Dilution + Debt Extension: $KRP (MC: $1.5B)
- Apollo affiliates: 162,500 Series A conv pref outstanding (325k orig); $15.07 conv price w/ anti-dilution + 10/20% PIK/step-up protection; min $10M or full position; timing from yr 2
- 6.9M Class B/OpCo units registered for resale; one-for-one exchange or cash at market; holders include Mesa entities
Dilution Alert: $ASPI (MC: $528M)
- PIPE: ~4.59M Class A Units and/or Pre-Funded Warrants at $6.57 to institutional investors
- Closes immediately prior to Merger Effective Time; converts post-merger into stock/warrants of Noble Africa Inc. (ENDRA successor)
Convertible Financing: $PURR (MC: $1.2B)
- Equity line: $1.0B capacity with Chardan, ongoing from commencement
- Warrants: 27.4M shares exercisable @ $9.375/$12.50/$18.75 (one-third each), 5 years from Dec 2 2025, lock-up until first anniversary or 150% threshold
- Convertible preferred: 26.6M shares potential with ownership blockers; Series A 166k shares @ $6.25 conversion price with 4.99%/9.99% blockers
Dilution Alert: $BYND (MC: $353M)
- Big Geyser: 2.5M shares exercisable @ $0.60/share until 18-month anniversary; weighted-average anti-dilution
- Big Geyser: 1.67M shares exercisable @ $0.001/share until 20 business days after Distribution Agreement expiration; weighted-average anti-dilution, net-share settlement allowed