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$MULTIPLEdaily-report

Daily Dilution Report - Nov 25, 2025

Filed: 11/25/2025
Published: 11/25/2025

Key Takeaways

  • PPL dominated the day's activity, raising $1.15 billion through a single convertible note offering.
  • EOSE executed a mixed capital strategy, raising a combined $1.13 billion from notes and an offering while also announcing a $564.6 million share buyback.

Dilution Events

$PPL (Market Cap: $26.99B)

  • Convertible Note: Issued $1.15B of exchangeable notes, convertible @ ~$42.66. View SEC Filing →

$EOSE (Market Cap: $3.78B)

EOSE executed a massive capital raise totaling over $1.13 billion through multiple channels:

  • Convertible Note: Issued $675M of convertible notes, convertible @ $16.29. View SEC Filing →
  • Public Offering: Raised $458.2 million via the sale of 35855647 million shares at a price of $12.78 per share. View SEC Filing →
  • Share Buyback: Repurchased $564.6 million. View SEC Filing →

↳ Total Capital Raised: ~$1.13 billion.

$CNTA (Market Cap: $4.34B)

CNTA executed a 2-component financing totaling $519.6 million:

↳ Total Capital Raised: ~$519.6 million.

$ENLV (Market Cap: $25M)

ENLV executed a 3-component financing totaling $511.6 million:

  • PIPE: Closed $212.0 million PIPE of 212000000 million shares at $1.00 per share. Special terms: Proceeds payable in USD or Tether (USDT), Pre-funded warrants issued in lieu of shares, Accelerated vesting of all existing equity awards View SEC Filing →
  • ATM Program: Filed a new ATM for up to $299.6M. View SEC Filing →
  • Shares for Services: Issued 455000000 million shares for services rendered. View SEC Filing →

↳ Total Capital Raised: ~$511.6 million.

$HKIT (Market Cap: $46M)

HKIT executed a 2-component financing totaling $100.0 million:

↳ Total Capital Raised: ~$100.0 million.

$SRFM (Market Cap: $131M)

SRFM executed a 3-component financing totaling $74.0 million:

  • Convertible Note: Has $74M of conv notes outstanding, convertible into 19.5M shares @ ~$3.98. View SEC Filing →
  • Resale Registration: Registered 4.0M shares issuable from warrants exercisable @ $3.32. View SEC Filing →
  • Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →

↳ Total Capital Raised: ~$74.0 million.

$VRCA (Market Cap: $45M)

  • PIPE: Closed $50.1 million PIPE of 11804990 million shares at $4.24 per share, with 25% warrant coverage. Special terms: Warrants have price reset/down-round protection View SEC Filing →

$CGEH (Market Cap: N/A)

  • PIPE: Closed $15.0 million PIPE of 7500000 million shares at $2.00 per share. Special terms: Pre-funded warrants issued in lieu of shares, Includes 1-year covenant against variable rate transactions View SEC Filing →

$PRKR (Market Cap: N/A)

PRKR executed a 2-component financing totaling $4.5 million:

  • Public Offering: Raised $3.5 million via the sale of 16481579 million shares at a price of $0.21 per share. View SEC Filing →
  • Public Offering: Raised $1.0 million via the sale of 4761905 million shares at a price of $0.21 per share. View SEC Filing →

↳ Total Capital Raised: ~$4.5 million.

$MNDR (Market Cap: $4M)

  • ATM Program: Increased ATM size to $2.26M, with ~$1.0M remaining to be sold. View SEC Filing →

$IDAI (Market Cap: $21M)

  • Warrant Exercise: Induced exercise of 1M wrts @ $4.20, issued 2.5M new toxic wrts @ $4.20. View SEC Filing →

$SCLX (Market Cap: $135M)

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

  • Warrant Exercise: Induced exercise of 904k wrts @ $22.51, issued 1.36M new wrts @ $29.00. View SEC Filing →
  • Warrant Exercise: Issued 72k agent warrants exercisable @ $29.00. View SEC Filing →

$ADTI (Market Cap: N/A)