Key Takeaways

The day's activity was dominated by two large transactions: a $400.0 million offering from IMNM and a $350.0 million private placement from NFG.
Two companies announced multiple financing events, with TE pricing a concurrent $140.0 million offering and convertible note, and IMNM adding a $134.1 million ATM to its offering.

Dilution Events

$IMNM (Market Cap: $2.08B)

IMNM executed a 2-component financing totaling $534.1 million:

Public Offering: Raised $400.0 million. View SEC Filing →
ATM Program: Has $134.1M remaining capacity under its $200M ATM program. View SEC Filing →

↳ Total Capital Raised: ~$534.1 million.

$NFG (Market Cap: $7.47B)

PIPE: Closed $350.0 million PIPE of 4.4 million shares at $79.50 per share. View SEC Filing →

$TE (Market Cap: $1.07B)

TE executed a 3-component financing totaling $280.0 million:

Convertible Note: Priced $140M of 5.25% convertible senior notes due 2030, convertible @ $6.93/share. View SEC Filing →
Public Offering: Raised $140.0 million via the sale of 28.28 million shares at a price of $4.95 per share. View SEC Filing →
Convertible Note: Discloses Series B-1 preferred has conversion price reset to $1.70 if VWAP < $2.50. View SEC Filing →

↳ Total Capital Raised: ~$280.0 million.

$JBIO (Market Cap: $702M)

PIPE: Closed $45.0 million PIPE of 3.214 million shares at $14.00 per share. View SEC Filing →

$GCTS (Market Cap: $82M)

Convertible Note: Entered $20M toxic convertible note deal, converts at 90% of lowest 3-day VWAP. View SEC Filing →

$ALBT (Market Cap: $4M)

ALBT executed a 3-component financing totaling $19.9 million:

Convertible Note: Issued 19.5k shares of preferred stock ($19.5M stated value) for acquisition, conv @ $1.50. View SEC Filing →
Convertible Note: Takes $375k toxic bridge note, convertible at 50% of 5-day VWAP on default. View SEC Filing →
Shares for Services: Issued 0.305 million shares for services rendered. View SEC Filing →

↳ Total Capital Raised: ~$19.9 million.

$AEON (Market Cap: $12M)

AEON executed a 3-component financing totaling $16.5 million:

Convertible Note: Exchanges up to $15M convertible debt for ~23.1M shares, using a 1.3x multiplier. View SEC Filing →
Warrant Exercise: Issues wrts for 8M shares @ $1.09392 with toxic full ratchet anti-dilution protection. View SEC Filing →
Convertible Note: Issues new $1.5M convertible note with 1.3x conversion multiplier. View SEC Filing →

↳ Total Capital Raised: ~$16.5 million.

$XPON (Market Cap: $9M)

ATM Program: Files to sell up to $15M in stock via an At-The-Market (ATM) facility. View SEC Filing →

$REKR (Market Cap: $212M)

Public Offering: Raised $15.0 million via the sale of 8.571 million shares at a price of $1.75 per share, with 100% warrant coverage. View SEC Filing →

$NNVC (Market Cap: $22M)

Public Offering: Raised $6.0 million via the sale of 3.57 million shares at a price of $1.68 per share, with 200% warrant coverage. View SEC Filing →

$JZXN (Market Cap: $3M)

Public Offering: Raised $3.9 million via the sale of 1.6 million shares at a price of $2.50 per share. View SEC Filing →

$IINN (Market Cap: $35M)

IINN executed a 2-component financing totaling $1.8 million:

Public Offering: Raised $1.8 million via the sale of 1.565 million shares at a price of $1.15 per share. View SEC Filing →
Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →

↳ Total Capital Raised: ~$1.8 million.

$FBLG (Market Cap: $16M)

Public Offering: Raised $1.7 million via the sale of 5.227 million shares at a price of $0.33 per share, with 100% warrant coverage. View SEC Filing →

$SKYH (Market Cap: $318M)

Public Offering: Offering of 0.05 million shares. View SEC Filing →

$VBIX (Market Cap: $16M)

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

Shares for Services: Issued 7.11 million shares for services rendered. View SEC Filing →
Shares for Services: Issued 12.7 million shares for services rendered. View SEC Filing →

$OVID (Market Cap: $111M)

Resale Registration: Files S-3 for resale of 125M shares from prior PIPE (pref. stock + wrts @ $1.40). View SEC Filing →

$VRCA (Market Cap: $72M)

Resale Registration: Files S-3 for resale of 14.7M shares from PIPE with toxic, price-resetting warrants. View SEC Filing →

$WKHS (Market Cap: $13M)

Shares for Services: Issued 6.63 million shares for services rendered. View SEC Filing →