CAST FreeCast, Inc.
Price Chart
Executive Summary
FreeCast issued 250,000 shares of Class A common stock to two accredited investors (Carl and Joyce Peterson) upon exercise of warrants that had been amended to a $1.33 exercise price, raising $332,500 in gross proceeds. The remaining 6,493,587 shares reserved for unexercised warrants have been returned to authorized/unissued status, eliminating a large overhang that had been diluting the stock.
Key Financial Metrics
Actionable Insight
The elimination of the 6.5M-share warrant overhang is a significant positive catalyst — it removes a cloud that had been suppressing the stock. The actual dilution from the 250K shares exercised is minimal. Monitor for any follow-on capital raises or registration statements that could reintroduce overhang.
Key Facts
- 250,000 shares issued at $1.33 per share, raising $332,500
- Warrants originally issued at $4.25, amended to $1.33 on May 8, 2026
- Only 2 of 137 warrant holders exercised; 6,493,587 reserved shares returned to authorized/unissued
- Shares issued to accredited investors under Section 4(a)(2) and Rule 506 of Regulation D
- No registration rights granted; shares bear restrictive legends
Financial Impact
Gross proceeds of $332,500 from warrant exercise; dilution of 250,000 shares (approximately 0.8% of shares outstanding based on $31M market cap at ~$1.33/share). The removal of 6,493,587 reserved shares eliminates a massive potential overhang.
Risk Factors
- The company may still need additional capital; future offerings could reintroduce dilution
- Only $332,500 raised — limited cash runway extension
- Warrant holders who let their warrants expire may have had negative views on the company's prospects
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-061945 |
| Document: 0001213900-26-061945-index-headers.html | 0001213900-26-061945 |
| Document: 0001213900-26-061945-index.html | 0001213900-26-061945 |
| Document: 0001213900-26-061945.txt | 0001213900-26-061945 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 28, 2026
21d ago
|
8-K
| $0.8200 $0.7400 | ▼ −9.76% | ▼ −9.71% | $5.15 (+528.05%) |
|
May 7, 2026
6w ago
|
EFFECT
| $1.77 $1.42 | ▲ +19.77% | ▲ +21.28% | $5.15 (−190.96%) |
|
Apr 17, 2026
8w ago
|
S-1
| $3.10 $2.89 | ▲ +6.77% | ▲ +7.69% | $5.15 (−66.13%) |
|
Apr 15, 2026
9w ago
|
8-K
| $3.96 $2.35 | ▲ +40.66% | ▲ +42.30% | $5.15 (−30.05%) |
|
Apr 2, 2026
11w ago
|
10-Q/A
| $4.50 $3.96 | ▲ +12.00% | ▲ +15.62% | $5.15 (−14.44%) |
|
Mar 5, 2026
15w ago
|
8-K
| — | awaiting T+5 | — | — |
|
Mar 4, 2026
15w ago
|
424B4
| — | awaiting T+5 | — | — |
US Market Status
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