Aug. 28 at 1:07 PM
$DGXX 🚨 DGXX dilution update — the
$175M ATM now appears essentially exhausted.
The Aug. 14, 2026 10-Q shows DGXX issued 27.95M ATM shares for
$163.209M through June 30, then issued another 2.85M shares for
$11.257M after June 30. That brings cumulative ATM proceeds to about
$174.466M of the
$175M authorization, leaving only roughly
$0.53M, or ~0.3%, by my reconciliation.
Outstanding subordinate shares increased from 98.543M on June 30 to 101.393M on Aug. 14, exactly +2.85M shares, matching the post-quarter ATM issuance.
Key numbers:
$175.0M ATM authorized → ~
$174.47M sold → ~
$0.53M remaining. The post-June shares were sold at an average of about
$3.95/share. I did not find a newer SEC filing through Aug. 28 showing another ATM increase or a completed project-level debt financing.
