Key Takeaways

TERN dominated deal flow, announcing a combined $800.0 million from a $650.0 million stock offering and a separate $150.0 million ATM equity line.
Several other significant deals were filed, including a $235.0 million convertible note offering by BRR and three separate $200.0 million shelf or ATM filings from OCG, AIP, and LPTH.

Dilution Events

$TERN (Market Cap: $4.24B)

TERN executed a 2-component financing totaling $800.0 million:

Public Offering: Raised $650.0 million via the sale of 16.25 million shares at a price of $40.00 per share. View SEC Filing →
ATM Program: Has $150M remaining available under existing ATM facility. View SEC Filing →

↳ Total Capital Raised: ~$800.0 million.

$TE (Market Cap: $1.25B)

TE executed a 4-component financing totaling $260.0 million:

Public Offering: Raised $140.0 million. View SEC Filing →
Convertible Note: Offering $120M in convertible senior notes due 2030. View SEC Filing →
Convertible Note: Discloses Series B-1 preferred conversion price reset feature. View SEC Filing →
Warrant Exercise: Discloses contingent issuance of 3.5M penny warrants. View SEC Filing →

↳ Total Capital Raised: ~$260.0 million.

$BRR (Market Cap: $353M)

BRR executed a 2-component financing totaling $235.0 million:

Convertible Note: Raised $235M via convertible notes with 130% conversion rate. View SEC Filing →
Shares for Services: Issued 17.833 million shares for services rendered. View SEC Filing →

↳ Total Capital Raised: ~$235.0 million.

$OCG (Market Cap: $19M)

ATM Program: Files for $200M At-The-Market (ATM) offering. View SEC Filing →

$GWH (Market Cap: $45M)

GWH executed a 2-component financing totaling $115.0 million:

ATM Program: Files for $75M At-The-Market (ATM) offering. View SEC Filing →
Convertible Note: Issued $40M promissory note w/ 1.05M wrts @ $9.98. View SEC Filing →

↳ Total Capital Raised: ~$115.0 million.

$AIP (Market Cap: $859M)

AIP executed a 2-component financing totaling $75.0 million:

Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →
ATM Program: Activates $75M At-The-Market (ATM) offering via Jefferies. View SEC Filing →

↳ Total Capital Raised: ~$75.0 million.

$PMT (Market Cap: $1.10B)

PMT executed a 2-component financing totaling $75.0 million:

Convertible Note: Offering $75M of additional exchangeable senior notes. View SEC Filing →
Share Buyback: . View SEC Filing →

↳ Total Capital Raised: ~$75.0 million.

$TNYA (Market Cap: $226M)

TNYA executed a 2-component financing totaling $69.8 million:

Public Offering: . View SEC Filing →
ATM Program: Has $69.8M remaining under existing ATM program. View SEC Filing →

↳ Total Capital Raised: ~$69.8 million.

$CETX (Market Cap: $3M)

CETX executed a 3-component financing totaling $59.0 million:

Public Offering: Raised $2.0 million via the sale of 0.667 million shares at a price of $3.00 per share. View SEC Filing →
Convertible Note: Discloses $7.025M secured convertible note. View SEC Filing →
ATM Program: Notes ability to start an ATM offering after 60 days. View SEC Filing →

↳ Total Capital Raised: ~$59.0 million.

$TIVC (Market Cap: $5M)

TIVC executed a 4-component financing totaling $28.3 million:

Convertible Note: Raised $16.25M via toxic convertible note w/ variable conversion. View SEC Filing →
Convertible Note: Raised $12M via toxic Series C convertible preferred w/ variable conversion. View SEC Filing →
Convertible Note: Amends Series B preferred, lowering floor price to $0.39. View SEC Filing →
Share Buyback: . View SEC Filing →

↳ Total Capital Raised: ~$28.3 million.

$TOMZ (Market Cap: $16M)

TOMZ executed a 2-component financing totaling $20.0 million:

ATM Program: Enters into $20M toxic ELOC with variable pricing. View SEC Filing →
Shares for Services: Issued 0.052 million shares for services rendered. View SEC Filing →

↳ Total Capital Raised: ~$20.0 million.

$ELBM (Market Cap: $92M)

ELBM executed a 3-component financing totaling $5.5 million:

ATM Program: Files for $5.5M At-The-Market (ATM) offering. View SEC Filing →
Convertible Note: Notes debt restructuring issued 31.7M pre-funded warrants. View SEC Filing →
Convertible Note: Discloses new term loan with PIK interest option. View SEC Filing →

↳ Total Capital Raised: ~$5.5 million.

$TGL (Market Cap: $173M)

Public Offering: Raised $2.5 million via the sale of 0.25 million shares at a price of $10.00 per share. View SEC Filing →

$WKSP (Market Cap: $22M)

Warrant Exercise: Raised $6.4M via induced warrant exercise @ $2.90, issued 3.8M new warrants @ $3.00. View SEC Filing →

$LPTH (Market Cap: $414M)

LPTH executed a 2-component financing totaling $0 thousand:

Public Offering: . View SEC Filing →
Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →