Nov. 22 at 12:02 AM
$DFSC $CRWG $EXAS $FGL $ODD
DFSC: Clean Capital Structure + OTM Warrant Rocket Fuel
Debt
Almost none. Cash up sequentially +
$6.8M July raise → 12–18+ months runway.
Warrants (The ASST-Style Kicker)
• ~760k 5-year warrants @ CAD
$10.52 (~USD
$7.60)
• Current price ~
$2–3 → deeply OTM
• Same exact setup as ASST (warrants @
$1.35, ran to
$1.80): once the stock breaks the strike, dealers hedge by buying shares → delta turns positive fast → forces a vertical “warrant run.” ASST went +100% in days on this dynamic. DFSC has fewer warrants, tinier float, and 190% borrow fee on top.
Dilution / Toxic Risk
Zero death-spiral or ATM. Raise was clean (no toxic lender). mostly long-dated & OTM → no immediate shelf.
Bottom Line
Super low debt, clean raise, OTM warrants primed for a ASST-style gamma explosion the moment price closes above ~
$9.00. Until then, dilution is off the table and shorts keep bleeding.
⚠️ NFA. DYOR. Verify latest filings.
