AlphaTON Discloses 26.4 Million Fully Diluted Shares, Warrants Exercise at $11.62
As of February 19, 2026, AlphaTON Capital has 23,434,588 common shares issued, plus 1,373,686 shares issuable on warrants at a $11.62 exercise price, 1,283,931 pre-funded warrants, 316,111 options at $40.65, and 5,410 RSUs vesting. This update sets a fully diluted share count of approximately 26.4 million shares.
1. Outstanding Equity Instruments
AlphaTON Capital reports 23,434,588 ordinary shares currently issued. In addition, 1,373,686 shares are issuable upon exercise of outstanding warrants at a weighted average price of $11.62 per share, 1,283,931 shares from pre-funded warrants issued in 2025, 316,111 options under the 2021 Equity Incentive Plan at a $40.65 average exercise price, and 5,410 restricted share units eligible to vest.
2. Dilution Implications
The combination of warrants, pre-funded warrants, stock options and RSUs brings the fully diluted share count to roughly 26.4 million shares. Investors should consider this overhang when evaluating per-share metrics and potential downward pressure on earnings per share if all instruments are exercised or vested.