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$MULTIPLEdaily-report

Daily Dilution Report - Nov 14, 2025

Filed: 11/14/2025
Published: 11/14/2025

Key Takeaways

  • The day was defined by two billion-dollar convertible note offerings from CLSK ($1.15 billion) and ASTS ($1.00 billion).
  • Key issuers announced multiple events, including ASTS pairing its note with an $800.0 million ATM and CLSK announcing a $460.0 million buyback.

Dilution Events

$ASTS (Market Cap: $17.06B)

ASTS executed a massive capital raise totaling over $1.96 billion through multiple channels:

↳ Total Capital Raised: ~$1.96 billion.

$CLSK (Market Cap: $3.57B)

CLSK executed a massive capital raise totaling over $1.15 billion through two primary channels:

↳ Total Capital Raised: ~$1.15 billion.

$BTDR (Market Cap: $2.46B)

BTDR executed a 2-component financing totaling $548.6 million:

  • Public Offering: Raised $148.6 million via the sale of 10.661 million shares at a price of $13.94 per share. View SEC Filing →
  • Convertible Note: Details available in SEC filing. View SEC Filing →

↳ Total Capital Raised: ~$548.6 million.

$HASI (Market Cap: $4.16B)

$GRAL (Market Cap: $3.01B)

$GMRE (Market Cap: $431M)

$CNTA (Market Cap: $3.49B)

  • Public Offering: Raised $250.0 million via the sale of 11.627 million shares at a price of $21.50 per share. View SEC Filing →

$SRRK (Market Cap: $2.89B)

SRRK executed a 2-component financing totaling $200.0 million:

↳ Total Capital Raised: ~$200.0 million.

$ALT (Market Cap: $424M)

$BHVN (Market Cap: $855M)

  • Public Offering: Raised $175.0 million via the sale of 23.333 million shares at a price of $7.50 per share. View SEC Filing →

$OMER (Market Cap: $427M)

$IVA (Market Cap: $559M)

IVA executed a 2-component financing totaling $150.0 million:

  • Public Offering: Raised $150.0 million via the sale of 38.961 million shares at a price of $3.85 per share. View SEC Filing →
  • Warrant Exercise: Details available in SEC filing. View SEC Filing →

↳ Total Capital Raised: ~$150.0 million.

$ENGN (Market Cap: $432M)

  • Public Offering: Raised $130.0 million via the sale of 15.294 million shares at a price of $8.50 per share. View SEC Filing →

$GWH (Market Cap: $83M)

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

↳ Total Capital Raised: ~$115.0 million.

$ASBP (Market Cap: $5M)

$RBNE (Market Cap: $13M)

$EQ (Market Cap: $50M)

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

  • ATM Program: Details available in SEC filing. View SEC Filing →
  • PIPE: Closed private placement (PIPE) of 35.087 million shares at $0.57 per share. Special terms: pre-funded warrants View SEC Filing →

↳ Total Capital Raised: ~$75.0 million.

$ANNX (Market Cap: $321M)

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

  • Public Offering: Raised $75.0 million via the sale of 28.846 million shares at a price of $2.60 per share. View SEC Filing →
  • Warrant Exercise: Details available in SEC filing. View SEC Filing →

↳ Total Capital Raised: ~$75.0 million.

$INHD (Market Cap: $12M)

$FOSL (Market Cap: $113M)

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

↳ Total Capital Raised: ~$50.0 million.

$DC (Market Cap: $473M)

$ABOS (Market Cap: $110M)

$NVVE (Market Cap: $10M)

NVVE executed a 2-component financing totaling $29.5 million:

  • PIPE: Closed $4.5 million PIPE of 0.005 million shares at $900.00 per share, with 100% warrant coverage. Special terms: full ratchet, floor price, additional investment right View SEC Filing →
  • ATM Program: Details available in SEC filing. View SEC Filing →

↳ Total Capital Raised: ~$29.5 million.

$CREG (Market Cap: $4M)

  • PIPE: Closed $22.2 million PIPE of 17 million shares at $1.30 per share, with 100% warrant coverage. View SEC Filing →

$GP (Market Cap: $5M)

$TORO (Market Cap: $74M)

$VSA (Market Cap: $11M)

  • Public Offering: Raised $12.0 million via the sale of 9.23 million shares at a price of $1.30 per share, with 100% warrant coverage. View SEC Filing →

$CMND (Market Cap: $2M)

CMND executed a 2-component financing totaling $10.8 million:

  • Public Offering: Raised $790 thousand via the sale of 3.942 million shares at a price of $0.20 per share. View SEC Filing →
  • Convertible Note: Details available in SEC filing. View SEC Filing →

↳ Total Capital Raised: ~$10.8 million.

$ELTX (Market Cap: $149M)

$TELA (Market Cap: $44M)

TELA executed a 2-component financing totaling $8.5 million:

↳ Total Capital Raised: ~$8.5 million.

$SLRX (Market Cap: $1M)

SLRX executed a 2-component financing totaling $6.3 million:

  • Public Offering: Raised $6.3 million via the sale of 4.666 million shares at a price of $1.50 per share, with 200% warrant coverage. View SEC Filing →
  • Convertible Note: Details available in SEC filing. View SEC Filing →

↳ Total Capital Raised: ~$6.3 million.

$HOTH (Market Cap: $16M)

$BOF (Market Cap: $38M)

  • Public Offering: Raised $2.6 million via the sale of 1.034 million shares at a price of $2.50 per share, with 4% warrant coverage. View SEC Filing →

$VSTM (Market Cap: $542M)

$CRBG (Market Cap: $14.69B)

$CTRI (Market Cap: $1.86B)

$LGN (Market Cap: $1.95B)

$BPAC (Market Cap: N/A)

$CHRS (Market Cap: $152M)

$TLSI (Market Cap: $219M)