Aug. 3 at 8:07 PM
$ELPW 💰
The August offering is expected to close August 4, so technically:
Current effective outstanding before closing: approximately 23.03 million
After the August offering closes: approximately 34.49 million
Estimated tradable float after closing: likely around 33–34 million, but the exact float cannot be confirmed until the company reports how many pre-funded warrants were exercised and whether any holders qualify as affiliates.
Fully diluted Class A count: approximately 67.08 million if every May, July, and August common warrant is exercised.
Adding the 114,515 Class B shares brings the fully diluted total to approximately 67.19 million shares.
The most important number for everyday trading is therefore approximately 34.5 million effective shares, not 36 million. The additional 32.58 million common-warrant shares have not necessarily entered the market yet.
The August units contain one share—or a nearly paid pre-funded warrant—and one additional warrant exercisable at
$0.12. Closing remains subject to customary conditions. August offering announcement The July prospectus reported 23,028,289 effective Class A shares after that offering. SEC July prospectus
*NOT INVESTMENT ADVICEP-DO YOUR OWN DD
