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Daily Dilution Report - Dec 13, 2025

Filed: 12/13/2025
Published: 12/13/2025

Key Takeaways

  • Immunovant's (IMVT) $543.7 million follow-on offering was the day's largest single capital raise.
  • Adecoagro (AGRO) was also highly active, filing a new $500 million shelf and simultaneously pricing a $296.4 million offering.

Dilution Events

$IMVT (Market Cap: $4.35B)

IMVT executed a 2-component financing totaling $543.7 million:

  • Public Offering: Raised $543.7 million via the sale of 26.2 million shares at a price of $21.00 per share. View SEC Filing →
  • Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →

Total Capital Raised: ~$543.7 million.

$AGRO (Market Cap: $739M)

AGRO executed a 3-component financing totaling $296.4 million:

  • Public Offering: Raised $296.4 million via the sale of 41.379311 million shares at a price of $7.25 per share. View SEC Filing →
  • Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →
  • Share Buyback: Repurchased $10.2 million. View SEC Filing →

Total Capital Raised: ~$296.4 million.

$TNYA (Market Cap: $226M)

TNYA executed a 2-component financing totaling $129.8 million:

  • Public Offering: Raised $60.0 million via the sale of 50 million shares at a price of $1.20 per share, with 100% warrant coverage. View SEC Filing →
  • ATM Program: Has $69.8M remaining on its $75M ATM program. View SEC Filing →

Total Capital Raised: ~$129.8 million.

$BKSY (Market Cap: $704M)

$LPTH (Market Cap: $414M)

LPTH executed a 2-component financing totaling $60.1 million:

  • Public Offering: Raised $60.1 million via the sale of 7.75 million shares at a price of $7.75 per share. View SEC Filing →
  • Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →

Total Capital Raised: ~$60.1 million.

$ATLX (Market Cap: $119M)

ATLX executed a 2-component financing totaling $50.0 million:

  • Public Offering: Raised $10.0 million via the sale of 2.5 million shares at a price of $4.00 per share. View SEC Filing →
  • ATM Program: Has $40M available on ATM after selling $43.2M. View SEC Filing →

Total Capital Raised: ~$50.0 million.

$RNAZ (Market Cap: $10M)

RNAZ executed a 2-component financing totaling $25.0 million:

  • Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →
  • Convertible Note: Discloses prior issuance of convertible preferred from $25M PIPE and an acquisition. View SEC Filing →

Total Capital Raised: ~$25.0 million.

$ADTX (Market Cap: $1M)

$USGO (Market Cap: $137M)

$TRNR (Market Cap: $4M)

TRNR executed a 2-component financing totaling $5.1 million:

Total Capital Raised: ~$5.1 million.

$RBOT (Market Cap: $18M)

RBOT executed a 2-component financing totaling $3.0 million:

Total Capital Raised: ~$3.0 million.

$CXAI (Market Cap: $13M)

  • PIPE: Closed $1.1 million PIPE of 3.266615 million shares at $0.35 per share. View SEC Filing →

$MNTS (Market Cap: $23M)

  • Warrant Exercise: Raised ~$3.7M via induced warrant exercise @ $0.77 w/ 150% new wrts @ $0.77. View SEC Filing →

$ENVB (Market Cap: $3M)

  • Warrant Exercise: Raised ~$3.1M via induced warrant exercise @ $7.05 w/ 200% new wrts @ $7.05. View SEC Filing →

$ADIL (Market Cap: $7M)

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

  • Warrant Exercise: Raised ~$2.9M via induced warrant exercise @ $0.31, issuing 13.8M new wrts @ $0.31. View SEC Filing →
  • ATM Program: To resume ATM sales after lock-up period. View SEC Filing →

$MSAI (Market Cap: $22M)

  • Resale Registration: Registers resale of 34.2M shares & 68.5M underlying wrt shares @ $0.409. View SEC Filing →

$RYM (Market Cap: $32M)

$TLSA (Market Cap: $204M)

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

$JAGX (Market Cap: $5M)

  • PIPE: Closed private placement (PIPE) of 0.44 million shares. Special terms: Pre-funded warrants have nominal exercise price of $0.001 View SEC Filing →

$WRAP (Market Cap: $141M)

  • Resale Registration: Registers resale of 3M shares & 3M wrt shares from prior $4.5M conv. pref. deal. View SEC Filing →