Dilutracker

Dilution tracking for finance professionals

Posts/tweets not investment advice

[Dilutracker @dilutracker]

Source: https://t.co/Tpy91GeBou

[Dilutracker @dilutracker]

Dilution Alert: $HTZ (MC: $834M)
- $350M exchangeable notes (up to $400M); exchange ~$3.58/share, 19.9% cap
- 37M shares loaned for hedging, terminates by Oct 2030

[Dilutracker @dilutracker]

Source: https://t.co/UnbQ8WwGZA

[Dilutracker @dilutracker]

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

[Dilutracker @dilutracker]

Source: https://t.co/ZwVca8djPV

[Dilutracker @dilutracker]

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

[Dilutracker @dilutracker]

Source: https://t.co/lfT1ftRyn5

[Dilutracker @dilutracker]

Potential Dilution + Debt Extension: $LOKV (MC: $331M)
- Warrants: 16M shares exercisable @ $11.50/share (public holders)
- Exercisable 30 days after June 18 2026 close; expire five years post-close; standard SPAC terms

[Dilutracker @dilutracker]

Source: https://t.co/DblnvY2ssM

[Dilutracker @dilutracker]

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)

[Dilutracker @dilutracker]

Source: https://t.co/nCNHAX1qaM

[Dilutracker @dilutracker]

Convertible Financing: $NEWT (MC: $416M)
- $650M ATM shelf capacity, convertible/exchangeable into common stock, registration/effectiveness pending
- 3M share equity compensation plan active

[Dilutracker @dilutracker]

Source: https://t.co/dBwNTbvyU7

[Dilutracker @dilutracker]

Mixed Financing: $SHAZ (MC: $791M)
- Equity PIPE: 6.4M pre-funded warrants issued/closed Jun 22-23 2026 @ $68.73 issue price, exercisable @ $0.0001 (9.99% blocker steps to 19.99% then 100%)
- $700M conv senior notes issued Jun 22 2026, max 14M shares @ ~$99.66 (~45% premium), maturity Jun 2032 (4.99% blocker, force conversion after 18mo)

[Dilutracker @dilutracker]

Source: https://t.co/VRueWmObDV

[Dilutracker @dilutracker]

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

[Dilutracker @dilutracker]

Source: https://t.co/1kvTaCrKEA

[Dilutracker @dilutracker]

Potential Dilution + Debt Extension: $TSNDF (MC: $254M)
- $21.7M live note (up to $25M); ~24.9M shares at $0.87; anti-dilution, 9-10% PIK interest, matures Sep 2031
- Second-lien security; TSX approval needed for PIK shares; $11.1M proceeds retired prior debentures

[Dilutracker @dilutracker]

Source: https://t.co/NYc89G2weG

[Dilutracker @dilutracker]

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