Aug. 31 at 2:32 PM
$GOVX $WKSP $AMIX $BLRX — the tickers are examples; the financing pattern is the point.
Recent micro-cap deals are turning old warrant overhang into cash now while issuing a fresh layer of future dilution optionality. Replacement coverage in verified inducements has ranged roughly 100%–200%.
So “raised
$4M” is not enough. I want the repricing, replacement coverage, term, agent economics and registration/covenant package.
Sometimes this is rational versus a discounted stock sale. The terms are a bargaining-power signal, not an automatic sell signal.
The interesting screen: large OTM warrant cohorts + shrinking runway + shelf capacity + concentrated holders.
That’s where I’ve got my eyes today.
https://stockmarkettoday.beehiiv.com/p/micro-caps-are-raising-cash-by-rolling-dilution-forward
