FreeCast shareholders OK issuance of up to 3,243,807 Class A shares on pre-funded warrant exercise
CAST•Private placement raised about $23.7 million gross
The private placement sold 4,666,667 Class A shares at $3 per share, raising about $23.7 million gross for working capital.
Shareholder consent clears warrant-related share issuance
FreeCast shareholders acted by written consent on July 17, 2026, clearing Nasdaq Rule 5635(d) requirements tied to pre-funded warrants.
The consent authorizes issuance of up to 3,243,807 Class A shares on exercise of pre-funded warrants issued in the June 30, 2026 private placement.
Warrants become exercisable after information statement process
The warrants become exercisable once the action takes effect, which is expected 20 days after the information statement is mailed, around July 27, 2026.
