FreeCast files draft information statement for pre-funded warrant share issuance approval
CAST•FreeCast shareholders approved issuance tied to pre-funded warrants
FreeCast shareholders authorized the issuance of up to 3,243,807 Class A shares tied to pre-funded warrants from a June 30, 2026 private placement.
The private placement sold 4,666,667 Class A shares at $3 per share. It also issued pre-funded warrants priced at $2.9999 with a $0.0001 per-share exercise price, covering 3,243,807 Class A shares.
The financing generated about $23.7 million in gross proceeds, earmarked for working capital and general corporate purposes.
The pre-funded warrants remain outstanding until fully exercised, allowing future dilution if holders take up the underlying shares.
