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Does it make sense that it's a bet on CLYM116 for IgAN? JBIO's FIH HV data will be in 1H26 and CLYM116 in mid-2026, so very similar timelines. JBIO is being valued at $1.25B cap and CLYM still far less than that. JBIO has said there are 3 things that differentiate it from the current gen anti-APRIL drugs. 1) half-life. Well CLYM116 has a similar half life at 24.2 days with JBIO at 27 days. 2) prevention of large immune complexes: CLYM actually has shown their data on this and JBIO hasn't yet 3) efficacy: from the NHP data it looks similar with both drugs a bit over 70% decline in IgA but arguably CLYM gets there faster. JBIO needs 30mg/kg to get there and CLYM116 only needs 6mg/kg SC. And the mechanism is different with degrading APRIL vs very high affinity so who knows which mechanism wins out. I think it's possible it's a hedge against JBIO's readout. RA participated in the JBIO's Oct PIPE and own 10% so RA is betting on both horses...
Dare Pharmaceuticals. I see a real market for the products, but they keep feeding paper like it’s a sport. They’ve maxed out baby shelf so if they have to raise again it’s going to be nasty PIPE type stuff. Bayer just dropped their option on Ovaprene which isn’t a great sign. If their Sildenafil cream takes off they have a shot, but it feels like the bottom of the ninth.
Equity compliance should be satisfied through a combination of asset sale/PIPE cash. But if we have PIPE cash that means we also have PIPE announcement, meaning we can use the ChEF. The proxy also makes reference to Party X "staking income" to keep the lights on. In any case, NASDAQ could grant an extension to equity comlpiance if SONM can prove they are close to another transaction. I can't say I know the S1/ChEF inside out but I'd be very surprised if they can use it before the asset sale closes, as I imagine that could make things legally messy for Social Mobile and with the SEC if new shares are issued. TLDR while I'm not going to pretend I'm a PIPE expert i'm not worried about this.
It is, although what is slightly troubling is that party X has been renamed to party 9 in that same filing (but interestingly remains as party X in the proxy). Currently trying to wrap my head around why they would suddenly go from an alphabetical identifier to a numerical identifier and whether this still means party 2 could = party 9. My best guess is that the legal entities for a PIPE and an RTO must be different. In this case, perhaps the PIPE investor might be QAI Moon LLC whereas the RTO target may have been Global Digital Holdings or vice versa.
[Horizon Quantum Computing Pte. Ltd. and dMY Squared Technology Group, Inc. Announce $110 Million PIPE Investment to Support Proposed Business Combination](https://www.businesswire.com/news/home/20251204128472/en/Horizon-Quantum-Computing-Pte.-Ltd.-and-dMY-Squared-Technology-Group-Inc.-Announce-%24110-Million-PIPE-Investment-to-Support-Proposed-Business-Combination) \- OTC: DMYY DMYYW Press release doesn't mention it, but according to the 8-K filing, [IONQ is one of the PIPE investors](https://www.sec.gov/Archives/edgar/data/1915380/000182912625009715/dmysquared_8k.htm#:~:text=IonQ%2C%20Inc.%20(%E2%80%9CIonQ%E2%80%9D)%2C%20one%20of%20the%20Subscribers).
Please read through their recent SEC filings and PIPE transcations, and map out the shell company payments yourself. This is very much still happening. Their current 10K is once again late, with no comms around it, and with three auditors having quit already. I am trying to help and protect people.
Regarding crypto DATs and their general awfulness , does anyone else hold MLAC rights ? I sold half for a nice profit, but still holding half ; they’ll have to redo their valuation or PIPE terms or something to close , as their initial 0.88 mNAV at announcement , is now like 1.4 mNAV on the AVAX so no good deal there.
Is Glazer is in the PIPE? Ofc they want to scrap it. I had over 1k $10 puts on this thing that I should have held but was wary of a termination or vote reschedule based on Glazer's 13 and general DAT collapse.
Short or long term? The big variable that makes things unpredictable is the small float. Even if the company is priced very conservatively by the market as roughly $750 million (based on 1,100 current GPUs), that would be equivalent to a FAIR share price of roughly $37 if we assume a roughly 5% ownership for SONM shareholders. BUT 19 of the estimated 20 million shares would be locked up for 12 months, creating huge upward/squeeze pressure. In which case we could see prices upwards of $100 in the first days/weeks. The market will have to guess ARR until an official revenue projection is filed, but the market will work out fairly quickly they will have deployed 4,000 or will deploy soon 4,000 GPUs and price that in, putting them at somewhere in the region of 200 million ARR i.e. anywhere from a 2 billion to 6 billion valuation, which is equivalent to $100/share to $300/share, and that's again before accounting for any squeeze dynamics. Personally speaking, I will set my own price targets and adjust them accordingly when we have the first official filings confirming the PIPE and what information they make available. I personally don't see myself taking any profits before $80.
Except mstr is using its class A stock to raise money to buy more BTC, aka dilution just look at the amount of offerings mstr has had. ASST is using preferred stock, PIPE financing, and semler scientific to buy BTC, zero dilution to the class A.
Thanks. A lockup is not standard for a typical secondary. Are you telling me that the $400M offering wasn't a traditional secondary, but rather a PIPE (Private Investment in Public Equity)? I can't find any support for this having been a PIPE offering.
One more thing I've spotted on a 5th reading. One of the confusing things about the proxy, as I noted in the main body of my post, is that certain parties are assigned alphabetic identifiers (Party A, B, X, etc.) while others are assigned numeric identifiers (Party 1, 2, 4, etc.). The key to understanding this is that the labeling system does not identify parties by identity or deal likelihood, but by the type of transaction track they were involved in at the time the events occurred. According to the proxy, alphabetical labels are used when a counterparty’s communications “involved the Legacy Business”, which does not mean the party is interested in *buying* or *operating* the rugged-device division. Instead, it means their proposal required evaluating how the legacy business would be separated, what liabilities would remain in the public shell, and how the structure of the asset sale would affect them. This includes parties contemplating a capital infusion or PIPE after the asset sale, because such investors must understand the post-sale condition of the shell. These are “Legacy-involved” communications, and therefore alphabetic. Numeric labels, on the other hand, represent parties engaged in non-Legacy Business strategic transactions, including reverse mergers, change-of-control discussions, or PIPEs associated with bringing a new operating business into the shell. For example, Party 4 is numbered even though they contemplated a PIPE, because their PIPE was tied to an RTO/crypto-treasury strategy, not to the legacy business separation. This distinction becomes crucial when we examine the language used for Party X. The proxy states that on August 8, 2025, Party "**extended a letter of intent contemplating a PIPE transaction RATHER THAN A CHANGE OF CONTROL OR REVERSE MERGER**”. This phrase is extremely telling. The only reason to say “rather than a reverse merger” is if the party had PREVIOUSLY been involved in discussions about a reverse merger or change of control. But these are precisely the types of discussions associated with the numeric (non-Legacy) track, not the alphabetic one. Alphabet parties, by definition, are not introduced as RTO candidates in the proxy. **Why make a caveat when by definition an alphabetical letter doesn't need one?** The only way this statement makes sense is if Party X originally appeared earlier in the process as a numbered RTO party and later shifted to a PIPE-only structure once the company moved closer to divesting the legacy business and cleaning up the shell. Once that shift occurred, the same counterparty became involved in legacy-related structural communications (liabilities, timing of the asset sale, shell condition, etc.), which caused them to be relabelled under the alphabetic group for that portion of the narrative. This is confirmed again in the filing: "On August 12, 2025, \[Party X\] delivered a revised LOI reflecting Sonim’s oral suggestions, **including the use of staking income to fund post-Legacy Business operations, repay outstanding debt, and reduced the exclusivity period to 30 days."** Combined with the matching industry description (AI/crypto) and the timing of Party X’s LOI, this strongly implies that Party X is the same real-world entity as Party 2 i.e. an original RTO candidate whose later proposal transitioned into a PIPE structure as the asset sale progressed. The proxy’s labeling system actually supports this interpretation once you understand how the transaction tracks are divided. I am 99.9% sure Party X = QumulusAI.
Just wanted to add some things to the original post after doing more research and re-reading the filing. * Chardan have done this before also with [SONN.](https://www.chardan.com/case-study-sonnet-biotherapeutics) It is the exact same scenario. * Filing says "On May 31, 2025, Venable communicated a revised draft of the letter of intent to Party 2. The revisions removed proposed cash adjustments, changed the suggested combined company’s board composition to include one director designated by the Company in the resulting entity". We know Mike Mulica was appointed to QAI board, so it's an interesting coincidence assuming party X = party 2 * "On August 15, 2025 ... the Company informed Party 8 that it was in the final stages of negotiating a letter of intent with another counterparty \[Party X\]." That's only 7 working days from when reps of Party X first engage SONM to finalising an LOI. Doesn't sound plausible unless some due diligence has already been done * "On or about July 24, 2025, Party 2, through its bank, communicated that it w**ould resort to an alternative strategy** and did not intend to proceed **with the RTO**". The choice of wording here is remarkable, because it specifies that the party is pursuing another strategy, whereas other failed negotiations with other parties in the filing are simply referred to as "decided not to proceed". This is in the context of the board having had a meeting the week before which discussed "uncertainties related to the proposed RTO with Party 2, **which had initially been contemplated to be executed concurrently".** That's an caveat to end the paragraph with. * Now some tin foil shit: Mike Mulica first like of QAI content on LinkedIn is of a [DiRocco interview](https://imgur.com/a/Y6QHbsE) some time 3 months ago. * We know that QAI post the same content on LinkedIn/Twitter on the same day. In this case, 1[9th August](https://imgur.com/a/ciUJFHN). * The LOI with Party X was signed on 19th August - TLDR Mike Mulica first likes QAI content on the day LOI was signed. Having spotted these extra nuggets and had more time to dwell on everything, it would appear to me that the proxy delay meant that SONM and QAI realised they were not going to have enough time to complete a traditional S4 merger. The board acknowledges in the filing the risk of it failing is high and jeopardises the asset sale. It's possible therefore QAI had to go back to the drawing board and find another way i.e. a PIPE.
oh that bastard... 😜 risky assets getting whipped by shorts & sentiment. this month for some other de-spacs... NKLR -50%, IMSR -60%, PEW -30%, BULL-25%, IONQ -25%, OKLO -40%. KDK PIPE & largest diluted shareholder is Alyeska ($30b~ AUM). Their preferreds convert @ $12, but pricing protection at 6/9 months intervals can reprice it to $8/$6. The other PIPE is Soros, with 10mm~ shares, and ARKQ is holding over a million shares. I think they're all currently down. Prospectus was recently amended & made effective, allowing a lot of dilution + selling, but trading volume hasn't increased beyond algos trading back/forth, running stock price down. Later today we'll see new short-interest numbers. Currently still almost no shares available to borrow, and 40%~ borrow rate. Shorts need a few million shares to get dumped from this recent registration, or they'll have no easy way out. Especially once ETFs start buying. I still like the play longer-term.
Also a lot of those warrants are likely held by Maxim Groups Merchant Capital division if I had to guess… they did the majority of the PIPE raises
There are a ton of examples showing otherwise fyi… Aptose, Halda, Athersys, the list goes on. This is a super common structure in biotech - especially for those raising funds via PIPE transactions. Know your facts before you come on boards like this.
SLMT looks like a decent play. PIPE warrants sold at 4.50 and took a 70% drop today to 2.08. Looks oversold. Letter released today to the PIPE investors addressing the price drop. Currently back up 20% on overnight trading.
Yes I saw this and mentioned it in my post - I think the market just overreacted (due to the low trading volume) so I believe it can go back to $10 at least for PIPE investors
Notice to PIPE investors just posted addressing the share price dropping. https://www.sec.gov/Archives/edgar/data/1939965/000121390025113192/ea026666901ex99-2_brerahold.htm
BACQ showing some impressive strength today on news of additional PIPE. Might be in a good position for a low risk multi day run if some positive SPAC sentiment returns
Has. PIPE at least. Warrants up on news (we’re pricey to start too)
October 10: “Securities offered by the Selling Stockholder: **937,500 shares of Common Stock underlying the Series B Preferred Stock (post-Reverse Stock Split). And another 1.3m issued as PIPE hold by another lender.
SGBX- HIDDEN DILUTION* I got many comments about hidden dilution lately about SGBX. Sorry if I could found this earlier. Here is what I found. The company has pay their lender the convertible notes that can convert at a discount. Total potential dilution(PIPE, amd convertible note after RS) is over 2M shares, which is huge compared to the float. Im sure we absorb some of the shares at the moment. Thats the reason the price did go crazy. With 70M volume today, lenders probably burn through a lot of the current dilution stack so the price didnt movement.(i thought it was Seattlement issue with microcap) We might not able to a squeeze due to unclear dilution issue.
SGBX- HIDDEN DILUTION* I got many comments about hidden dilution lately about SGBX. Sorry if I could found this earlier. Here is what I found. The company has pay their lender the convertible notes that can convert at a discount. Total potential dilution(PIPE, amd convertible note after RS) is over 2M shares, which is huge compared to the float. Im sure we absorb some of the shares at the moment. Thats the reason the price did go crazy. With 70M volume today, lenders probably burn through a lot of the current dilution stack so the price didnt movement.(i thought it was Seattlement issue with microcap) We might not able to a squeeze due to unclear dilution issue.
You know exactly how much it costs but not what it's called? By the way, B-PIPE is entirely unrelated to the terminal. What exactly do you see where?
doesn't this feel like ripe for a PIPE from Thermo or Quest tho? particularly because those liquid biomarkers they own exclusivity too have 95% sensitivity to pancreatic cancer? whereas Cologuard makers cancer screening is o nly 68%?
Not likely the case, with 50-100% borrow fees. More appropriate to buy protective puts, if they're that concerned. But... if you look at OI for all options, there's almost zero puts. Besides, 95%~ of the SPAC redeemed, and the majority of other holders are under lock-up agreements, and can't short their positions. That leaves PIPE investors, such as Soros and ARK. I'm not sure if they short their own investments. Shorts jumped into this at merger & ran into a 100% borrow rate, and then it squeezed & MMs were buying nonstop for a week or two because of all the calls going ITM. This scenario already happened once, and shorts have only increased their positions.
Short interest gamma squeeze etc doesn't matter here because retail isn't even involved. It's probably institutions shorting their own position, PIPE boxing or whatever it's called
Strong institutional support in PIPE... >substantial participation from blue-chip institutions such as AMD, BMO Global Asset Management, CIBC Asset Management, and Polar Asset Management, highlighting sector confidence and ensuring significant "new money" investment
The analysis fails to address the "bear case" that stems from the exact same set of facts. 1. The "Overhang" Risk (The Other Side of Concentration): The author sees a 28% holder as a supporter of the price. The market often sees this as a massive "overhang." This one entity, 325 Capital, is the market. If they ever decide to sell, they cannot exit on the open market without completely crashing the stock. This creates a ceiling on the price, as any rational new buyer knows they are at the mercy of this single holder. Their exit will have to be a (likely discounted) negotiated block sale. 2. Who is 325 Capital? The analysis calls them "large bag holders" and "high-conviction" but provides no evidence of this. The critical missing piece of analysis is the nature of this investor. Are they a long-term fundamental investor? Or are they a "vulture" fund, a PIPE specialist, or a "death spiral" financier who provided emergency cash and will look to exit as soon as possible? The 13D filing (as opposed to a 13G) implies they are an "active" investor, but their specific strategy is unknown. 3. Misunderstanding Pre-Funded Warrants: The author lists "warrant overhang" as a future risk. This is incorrect. The 6,100,000 pre-funded warrants (with a $0.0001 exercise price) are not a future risk. They are a present-tense form of dilution. They are designed to be "cashless stock" for institutional buyers. The real dilution from this offering isn't 4.6M shares; it's 10.7M shares (4.6M common + 6.1M pre-funded warrants). The author's "post-raise denominator" comment underplays this. 4. Context of the Raise: The author assumes "fresh capital" is an unqualified positive for "execution catalysts." The counter-argument is: Why did they need this money? A $14.4M raise for a microcap is often an act of survival, not strength. What is the company's cash burn? This capital might just be to keep the lights on for another 12-18 months, which is not a bullish catalyst. OP has correctly identified an unusual and volatile setup. They are wrong to conclude it is definitively bullish. The analysis correctly identifies that the float is locked but fails to ask why and by whom. The conclusion that "committed holders can support momentum" is a leap of faith. A more balanced takeaway would be: "MSAI's cap table is now dominated by a single, active institutional holder (325 Capital) who just facilitated a $14.4M financing. This structure significantly reduces the tradable float, making the stock prone to extreme volatility. The future price action is now almost entirely dependent on two factors: 1) 325 Capital's true intent (are they a long-term partner or a short-term financier?) and 2) whether the $14.4M in capital can generate fundamental growth before the cash burn runs out."
The analysis fails to address the "bear case" that stems from the exact same set of facts. 1. The "Overhang" Risk (The Other Side of Concentration): The author sees a 28% holder as a supporter of the price. The market often sees this as a massive "overhang." This one entity, 325 Capital, is the market. If they ever decide to sell, they cannot exit on the open market without completely crashing the stock. This creates a ceiling on the price, as any rational new buyer knows they are at the mercy of this single holder. Their exit will have to be a (likely discounted) negotiated block sale. 2. Who is 325 Capital? The analysis calls them "large bag holders" and "high-conviction" but provides no evidence of this. The critical missing piece of analysis is the nature of this investor. Are they a long-term fundamental investor? Or are they a "vulture" fund, a PIPE specialist, or a "death spiral" financier who provided emergency cash and will look to exit as soon as possible? The 13D filing (as opposed to a 13G) implies they are an "active" investor, but their specific strategy is unknown. 3. Misunderstanding Pre-Funded Warrants: The author lists "warrant overhang" as a future risk. This is incorrect. The 6,100,000 pre-funded warrants (with a $0.0001 exercise price) are not a future risk. They are a present-tense form of dilution. They are designed to be "cashless stock" for institutional buyers. The real dilution from this offering isn't 4.6M shares; it's 10.7M shares (4.6M common + 6.1M pre-funded warrants). The author's "post-raise denominator" comment underplays this. 4. Context of the Raise: The author assumes "fresh capital" is an unqualified positive for "execution catalysts." The counter-argument is: Why did they need this money? A $14.4M raise for a microcap is often an act of survival, not strength. What is the company's cash burn? This capital might just be to keep the lights on for another 12-18 months, which is not a bullish catalyst. OP has correctly identified an unusual and volatile setup. They are wrong to conclude it is definitively bullish. The analysis correctly identifies that the float is locked but fails to ask why and by whom. The conclusion that "committed holders can support momentum" is a leap of faith. A more balanced takeaway would be: "MSAI's cap table is now dominated by a single, active institutional holder (325 Capital) who just facilitated a $14.4M financing. This structure significantly reduces the tradable float, making the stock prone to extreme volatility. The future price action is now almost entirely dependent on two factors: 1) 325 Capital's true intent (are they a long-term partner or a short-term financier?) and 2) whether the $14.4M in capital can generate fundamental growth before the cash burn runs out."
I am not trying to scare anybody about anything, but after reading a comment from u/Sensitive-Radish-292 and getting it translated to child-speak by ChatGPT, I decided to pull out of LMFA. The ChatGPT transcript: Sure! Here’s a version that a child (around 10–12 years old) could understand: Some people who own parts of our company (called “Selling Stockholders”) are selling their shares. Here’s how they got them: # First group of shares (PIPE Offering) * On August 18, 2025, our company made a deal with some big investors. * We sold them 4,322,265 pieces of our company (called “shares”) and gave them 4,322,265 special coupons (called “warrants”) that let them buy more shares later for $2.41 each. * Later, on August 28, 2025, those coupons became even better deals — the price to use them went down to $1.10 each, and they could now buy 9,469,690 shares instead of the smaller number before. * So, the people selling now might sell: 1. The 4,322,265 shares they already bought. 2. The 9,469,690 shares they can get using their coupons. 3. Up to 12,186,560 extra shares if certain adjustments happen. 4. 216,113 shares that we gave to the people who helped set up the deal. # Second group of shares (RD Offering) * Also on August 18, 2025, after the first deal, we made another deal with some other big investors. * We sold them 5,231,681 shares and gave them 5,231,681 coupons to buy more shares later for $2.41 each. * The next day, on August 19, 2025, that deal was finished. * On August 28, 2025, those coupons were changed too — now the price to use them was $1.10 each, and they could buy 11,462,137 shares in total. * So, the people selling now might sell: 1. The 11,462,137 shares they can get from using their coupons. 2. Up to 14,750,646 extra shares if certain adjustments happen. 3. 261,584 shares we gave to the people who helped with this deal. In short: The company made two big deals in August 2025 where it sold shares and gave out coupons to buy more shares later. The people who got those shares and coupons can now sell them. Now, there are a lot of variables in play here, but I believe in being open and honest in this lobby so that we can ALL make money. The truth is, LMFA is buying back some of these shares and warrants, but they can't buy back all $20m worth of them, and their inventory of BTC speaks for itself, so there is a decent chance that neither the PIPE offering, or the RD offering execute their warrants, but the fact is the chance is non-zero which is enough for me to take my 10% gain and get out.
🚀 $ZOOZ – Speculative Deep Dive Ticker: ZOOZ (NASDAQ/TASE) Current price: ~ $2 (recent range ~$1-$3) Target: ~$5 (per analysts) → ~150%+ upside if things go right. **What’s going on?** - ZOOZ Power Ltd is a tiny company doing ultra-fast EV-charging and kinetic energy solutions — very early stage. - Big shift: They’ve approved a US$180 M PIPE and a plan to allocate ~95% of proceeds into Bitcoin treasury. They’re positioning as a first dual-listed (NASDAQ + TASE) company with a Bitcoin treasury strategy. - If Bitcoin rallies, ZOOZ *could* see some upside purely from treasury re-rating + narrative. - If they land a big contract in EV charging/flywheel tech, that adds fuel. **Why it *could* pop** - Small company, low visibility → upside if momentum hits. - Hybrid story: crypto + EV infrastructure = two trendy sectors. - If the PIPE closes and they announce major Bitcoin purchases or tech wins, you may see accelerated volume/interest. **Why it might *not*** - Fundamentals are weak: tiny revenue, losses. - Execution risk is high (both in tech side and treasury side). - Correlation to Bitcoin means stock could tank if crypto market weakens. - Dilution risk from large capital raise can muddy the water. **Trade idea** - Very speculative entry only. Maybe under ~$3 with manageable risk. - Set stop-loss or smaller size. - Watch for volume & news triggers: PIPE closing, contract wins, Bitcoin moves. - Expect high volatility. If you hold, think “digital twin of crypto play + micro-cap risk”. **TL;DR**: High risk, high reward. Not textbook squeeze, but a strong trigger game. Crypto + EV + micro-cap = blend of upside & danger. 🧠 *Not financial advice. Do your own research.* Yes pulled that from chat Gpt but all the info checks out. Now below $1 it’s definitely something worth keeping an eye on
Yes I'm sure you went through the 27 page prospectus in less than 40minutes. Here you go: The shares being offered by the Selling Stockholders, which were acquired in the following transactions: • On August 18, 2025, we and institutional investors (the “Purchasers”) entered into a securities purchase agreement (the “Securities Purchase Agreement”), pursuant to which we agreed to issue to the Purchasers, in a private placement (the “PIPE Offering”), (i) 4,322,265 shares of common stock and (ii) 4,322,265 warrants to purchase shares of common stock at an exercise price of $2.41 per share (the “PIPE Warrants”). The combined purchase price for each share and PIPE Warrant in the PIPE Offering was $2.41. The PIPE Offering closed on August 18, 2025. On August 28, 2025, as a result of reset provisions in the PIPE Warrants, the exercise price of such warrants was reduced to $1.10 per share and the aggregate number of shares issuable upon exercise increased to 9,469,690 shares. The shares being offering by the Selling Stockholders include: (i) 4,322,265 shares of common stock issued to the Purchasers in the PIPE Offering; (ii) 9,469,690 shares of common stock issuable upon exercise of the PIPE Warrants; (iii) 12,186,560 additional shares potentially issuable with respect to anti- dilution adjustments in the PIPE Warrants; and (iv) 216,113 shares of common stock issued to the placement agent in connection with the PIPE Offering. • On August 18, 2025, following the closing of the PIPE Offering, we and institutional investors (the “RD Purchasers”) entered into a securities purchase agreement (the “SPA”), pursuant to which we agreed to issue to the RD Purchasers (the “Offering”), (i) 5,231,681 shares (the “RD Shares”) of common stock and, in a concurrent private placement, (ii) 5,231,681 warrants to purchase shares of common stock at an exercise price of $2.41 per share (the “Placement Common Warrants”). The combined purchase price for each RD Share and Placement Common Warrant in the Offering was $2.41. The Offering closed on August 19, 2025. On August 28, 2025, as a result of reset provisions in the Placement Common Warrants, the exercise price of such warrants was reduced to $1.10 per share and the aggregate number of shares issuable upon exercise increased to 11,462,137 shares. The shares being offering by the Selling Stockholders include: (i) 11,462,137 shares of common stock issuable upon exercise of the Placement Common Warrants; (ii) 14,750,646 additional shares potentially issuable with respect to anti-dilution adjustments in the Placement Common Warrants; and (iii) 261,584 shares of common stock issued to the placement agent in connection with the Offering.
The outside date is March 1, 2026 (they can extend by mutual agreement, although PIPE can back out after March 26). They better hurry with their S-4 if they want to close by then.
There was a shareholder meeting this week that approved PIPE funding of $300 million to buy Avalanche and change its ticker to AVAX. Japan, South Korea, Saudi Arabia, Blackrock, and more have adopted this platform which screams deep value. Just recently, $240 billion in real estate assets was approved to move on chain to Avalanche as well. Think Microstrategy, but for Avalanche here. Currently, AGRI has a market cap of $12 million. Just staking the purchased Avalanche will yield tens of millions in pure profit every year. Do your DD.(this is someone else's DD but this is the gist mb im in class so can't explain fully well rn but this should give you the idea)
Seems like a buy the hype, sell the news, PIPE offerings aren't great, its another form of dilution for shareholders and capital raising for the company. The only benefactors are investors who buy at a discount and then sell and the company for selling shares.
They also have pre authorized a program to buy back $500M and reclaim the dilution from the PIPE. This ability is consistent with the Emerging Growth categorization they filed the joint entity under allowing for immediate buy back. The banker here, Cantor Fitz is a seasoned issuer offering potential to raise additional capital at virtually any point. This is consistent with their at the money offering program for up to $450M. In a similar situation back in July, BMNR was able to raise $20+ BN after completing several complex transactions. Borrowing rates in this situation exploded to 750% (compared to ASST recent 1050%), and the stock went from $4 to $135 in a week.
Is anyone here in AGRI? I might be missing something but they approved to change ticker to AVAX by end of week and purchase $500 million in avalanche through PIPE funding. Seems like the biggest no brainer investment at the moment in terms of market cap to assets
OceanPal in Partnership with NEAR Foundation Announces $120M PIPE Investment to Launch SovereignAI to Buildout Near-Powered AI Infrastructure - Link \~ | Float: 6.3 M | IO: 0.99% | MC: 15.3 M
**Pre-market Update: 10/28/2025 (8:40AM EST)** Cantor (the SPAC) and Securitize (the company) just filed official papers saying "**we're doing this deal.**" It's called an 8-K. Think of it like two people signing a prenup before getting married - it's official now. [https://www.sec.gov/Archives/edgar/data/2034269/000121390025102785/ea0262720-8k425\_cantor2.htm](https://www.sec.gov/Archives/edgar/data/2034269/000121390025102785/ea0262720-8k425_cantor2.htm) # THE DEAL IN 3 SENTENCES: 1. **Securitize goes public** by merging with Cantor 2. **Valuation: $1.25 billion** (so each share would be \~$29.80 after dilution) 3. **$225 million in new money** from big investors (BlackRock, etc.) coming in # DILUTION EXPLANATION (The Regard Version) Right now there are \~30.6M shares of $CEPT. After the deal: * **Securitize adds their shares** = +18M * **New money (PIPE) adds shares** = +11M * **Sponsor gets shares** = +1.5M * **New total = \~42-45M shares** **What this means:** Even if the valuation stays the same ($1.25B), the price PER SHARE goes DOWN because there are more shares. It's like cutting a pizza into more slices - each slice is smaller. This is typical for SPACs, $CEPT stayed relatively close to the $10 redemption value as there hasn't been much attention paid to it like other hyped up SPACs this year, this is where the alpha currently is... **But here's the thing:** If Securitize GROWS the business, the pizza gets BIGGER, so each slice can still be worth more. # UPCOMING IMPORTANT DATES (MARK YOUR CALENDAR) # By January 2026: The S-4 Arrives ⚠️ MOST IMPORTANT This is THE document that shows Securitize's **actual numbers** for the first time publicly. Think of it like when a private company finally releases its real financials. **What matters:** * How much money is Securitize making? * Is the business growing? * Does it make sense at $1.25B valuation? **Stock reaction:** Could jump significantly if numbers are good, and conversely drop significantly if numbers suck. Sentiment Check: There are currently 35 followers on StockTwits for this ticker, 1 other post 5 months ago on Reddit for this ticker, and limited # of posts on X for this ticker. You can be early.
**Update: 10/28/2025:** **IT'S OFFICIAL - THE ROCKET IS FUELED 🚀** The DD was right. The code leak was the smoking gun. And now, it's officially confirmed. **Securitize is going public via merger with $CEPT at a $1.25 BILLION valuation.** Today's press release is the ultimate validation. This isn't just another SPAC deal; this is the culmination of Howard Lutnick's decade-long vision to tokenize the world, now being executed with institutional and government backing. **Key Highlights from the Announcement:** * **$1.25 Billion Pre-Money Valuation:** The market now has a clear price target. We got in on the ground floor. * **New Ticker Symbol - $SECZ:** The combined company will trade on Nasdaq under the ticker $SECZ. * **$225 Million PIPE:** An upsized PIPE with major institutional players like Arche, Borderless Capital, and ParaFi Capital co-signing on this deal. This is massive institutional validation. * **Existing Investors Rolling 100%:** BlackRock, ARK Invest, and Morgan Stanley are not cashing out. They are rolling all of their equity into the new public company. They know the real growth is still ahead. * **An Industry First:** Securitize plans to tokenize its own equity, demonstrating how public company trading can and will move on-chain. **Why the Price Discrepancy? ($12.44 (current pre-market price) vs. $40.85)** The stock is currently trading around **$12.44 pre-market**, and you regards may be asking why it isn't at the **$40.85** price implied by the $1.25 billion valuation. This is a classic pre-merger SPAC scenario: * **Time and Risk Discount:** The merger isn't closed yet. The market prices in the risk that the deal could fall through and the time value of money until the closing date. * **SPAC Arbitrage:** The gap between the current price and the implied valuation is where arbitrage traders play. This gap will naturally narrow as the deal gets closer to finalization. * **Market Sentiment:** Many de-SPACs have historically underperformed post-merger, making some investors cautious. This creates the opportunity for those who have done the deep DD to understand the true path and opportunity of RWA. * **Official Closing Window:** **H1 2026** Shares could begin trading on the exchange as soon as January, according to Domingo. The **$40.85** figure is the **target valuation** based on the deal terms, not an immediate price target. The price should climb toward this valuation as the deal closes, risks are removed, and Wall Street begins to price in the future growth of $SECZ. **The Bottom Line:** The $CEPT-Securitize merger is the execution of a multi-year, cabinet-level plan to tokenize financial markets. The official announcement confirms everything the early DD uncovered. The current price discrepancy offers a window to get in before the broader market fully prices in the near-certainty of this deal and the massive potential of the post-merger company, $SECZ.
That’s fair, it is dilution, but it’s part of the previously disclosed PIPE structure. The company didn’t issue new discounted shares or debt; investors voluntarily exercised existing $1.35 warrants and paid $8.26 million in cash. Those proceeds were then used to purchase about 72 BTC, bringing Strive’s total holdings to roughly 5,958 BTC worth $691 million at cost. So while the share count rises slightly, the balance sheet strengthens by the same amount, making it a neutral-to-constructive event rather than a negative one.
You’re right. I was mistaking it for a PIPE where institutional investors can buy shares at a discount and sell almost immediately.
What about the PIPE prospectus. Warrants that can be exercised with threshold 1.35.? Dilution incoming. Dump.
Great post. Thanks. Any hints regarding fraudsters and pum dump shemes are welcome. But whst do you think is a realistic minimum pump before exit? $2 or $3. I don't recommend hope for another $8 or more jump.. Look at PIPE prospectus. 1.35 threshold and so on C suite and insiders in general can mass sell.
Here is why ASST had a sharp drop from September to now and why retail bought high after dilution was declared: People thought there was a short squeeze coming due to high short interest, but they were wrong, the short pressure was synthetic: After PIPE investors recieved their shares, they had to hedge until the shares unlocked by buying puts. This forced the Market Makers, who wanted to remain Delta neutral, to short the stock (shorting the stock counter balances their puts sold to the PIPE investors). This caused the stock to appear as if a short squeeze was coming due to high CTB and low short stock availability, when in reality it was just a pre-planned Delta Hedging. This further caused a negative gamma feedback loop (hedging pushes stock further down). Around mid-Octomber the PIPE shares unlocked, the investors exercised their puts, closing the MM's short positions. MM short exposure disappears, PIPE shares are sold, retail was diluted, and there was no squeeze! The CTB dropped without a squeeze as the MM close dtheir short hedges (buy back stock) because they no longer need to offset the puts. Right now the stock sits below PIPE price of 1.35 and mNAV value as well, but there are many warrants left to be exercised. The company wants aims for accretive dilution to acquire companies like Semler (and eyeing Mt. Gox) to increase BTC holdings while also having the ability be underwritten. This was a painful lesson for me and maybe it will help you make a better decision. I do think ASST is currently oversold and bough a few cheap calls a week ago. Here's my bag: https://preview.redd.it/q76jyc4e9hxf1.png?width=406&format=png&auto=webp&s=a73efd4eb1309973ea1a7f5d7a7d6e1ec9a2aecb
People thought there was a short squeeze coming due to high short interest, but they were wrong, the short pressure was synthetic, here is why: After PIPE investors recieved their shares, they had to hedge until the shares unlocked by buying puts. This forced the Market Makers, who wanted to remain Delta neutral, to short the stock (shorting the stock counter balances their puts sold to the PIPE investors). This caused the stock to appear as if a short squeeze was coming due to high CTB and low short stock availability, when in reality it was just a pre-planned Delta Hedging. This further caused a negative gamma feedback loop (hedging pushes stock further down). Around mid-Octomber the PIPE shares unlocked, the investors exercised their puts, closing the MM's short positions. MM short exposure disappears, PIPE shares are sold, retail was diluted, and there was no squeeze! The CTB dropped without a squeeze as the MM close dtheir short hedges (buy back stock) because they no longer need to offset the puts. Right now the stock sits below PIPE price of 1.35 and mNAV value as well, but there are many warrants left to be exercised.
https://www.stocktitan.net/sec-filings/ASST/schedule-13g-asset-entities-inc-sec-filing-1a48a2abe9ae.html 16.3% (5.7+2.5+8.1).as of August 2025. That's pre Merger with Strive. Now there's a PIPE financing of 750 million + potentially another 750 million from Warrant exercise. Both are dilutive events. The question is, who's the source of the PIPE and who's holding the warrants.
Yep we were severely undervalued after being #1 shorted stock now we are near NAV and just below PIPE. Imo a large majority of those investors will be long becuase even if warrants execute they have no obligation to sell. With the amount of funding no debt and insanely fast pace they have been moving at I see them becoming top 10 treasury within 6 months. And if a bullrun on bitcoin hits which is likely we will be moving into trading at a huge premium as our bitcoin moves up in unrealized gains.
Personally, I think its an ok buy below 1.35 (PIPE price) but some people take into consideration the overhang dilution like warrants and claim a fair price around 0.50. I have a few 1$ calls myself. People should be aware of the overhang and make their choice. I'd love to pump and hype this.
Wouldn’t it be good time to buy now then as it was massively overvalued at 10 and it’s still below the PIPE price?
I bought ASST at 10$ and painfully watched it bleed to 0.83$ due to Delta Hedging, going lower than the PIPE price. Everyone condemned the stock and management. Npw with a single tweet and it's all pump hype. I swear retail is a joke.
It's a Bitcoin Treasury Company, essentially raises cash to buy Bitcoin. They already acquired Semler which doubled their treasury reserve. The board is a list of heavy weights in the Bitcoin community. Michael Saylor said Strive is a 10X from here in recent interview. Just depends on whether or not you believe in Bitcoin long term and that sub 1 mNav will inevitably trade above 1 again. It only dropped due to PIPE unlock
PIPE diluting has already happened. Also, it's accretive diluting to buy Bitcoin. So no one should invest unless they believe in Bitcoin in general and the levered Bitcoin Treasury Company strategy
ASST went in @1.30. VOLUME WAS high.Some one said Mke bought 1M, n it was SPAC with big PIPE investor. They have new CIO who understand the BITCOIN treasures.
ASST has billions in flow. Can be a MSTR...Any thoughts?? Hedge funds n huge PIPE r init..easy 5x by EOW
I think it will jump, my PT is $3.30, $8.00, $13.32, during the upcoming months. The price essentially collapsed because of PIPE shares at $1.35, that the company used to buy $BTC. They currently own 10,000 BTC. Not financial advice, do your own DD as well. :)
When Churchill took Lucid public, they struck a $2.5B PIPE with Saudi and others…. Me thinks that a PIPE deal with US Gov (aka the recent rumors of stake into Quantum) would not be totally crazy to think about!!
Hey, man. I'm not ducking you. Just getting around to getting back on here. My inbox is full too. * At some point the market will have to price in the dilution. Whether that is 25 million shares or whatever it might end up being, it will have to happen. When do you think that will be? Dilution will be gradual and the gradual increase in float size can be a good thing for growth when the combined company will only be starting with \~20M shares. They will likely wait til ChEF is completed before considering a traditional split to increase float size. Assuming they perform well. * How are you calculating your $2 billion market cap? We know for a fact they have 60-80 MW in capacity (probably more given the new shell companies set up in Missouri and NY) but as of March they only had 550 GPUs deployed, which is peanuts. There is nothing else to indicate they are operating anywhere near full capacity. Again, this isn't FUD: it's a genuine question. $500M is at least 7000 latest Gen Nvidia GPUS, full buildouts included. We have no idea about true MW capacity or current colocations. Website claims 4,000 GPUs deploying this year. May be factoring in the $500M deal in this. City govt's they operate in are ducking any questions I ask about the company. Anyone giving this much capital towards this much hardware is receiving full disclosure. It's safe to say QAI has a major partnership with a big player. My bet is META. * How confident are you of the 6 month lock up? I accept it is fairly standard in these types of transactions but I haven't seen anything to say it's a 100% certainty, outside of it being a fairly common requirement for PIPE investors Reverse mergers and SPACs officially file w/ an S-4. All new shares issued by an S-4 have to be locked up for a certain period of time. W/ SPACs usually PIPE unlocks first. Ironically, this is to ensure price stability. * What is your short to medium SP target, and why? Short-Mid term I expect to see at least $50 as a given. So like 4x give or take * Do you think legacy SONM shareholders will end up with a better deal in the short term relative to the Orbic $3.60 pre-split offer? Yes, Doogee offer of $3.60 was good but even though I don't personally have good feelings towards Sonim board currently, they made the right call with QAI + social mobile asset sale. Execution is bad. \- Yes SONM holders will
The company plans to use the net proceeds to continue implementing its BNB treasury strategy... Once I seen the word PIPE and Block chain, I am out. This will follow $ASST and $KindlyMD Run!
Congrats on an amazing find, and I hope you understand all I've tried to do since Day 1 is investigate/confirm your hypothesis - I was one of the few who paid attention and the only one who investigated further. Just to re-iterate what I said in my last reply to you, I misread the $1 million/day as 1 million/shares per day. That isn't spreading FUD, it's just an oversight. That said, I have a few points/questions that I'd like to see answered: * At some point the market will have to price in the dilution. Whether that is 25 million shares or whatever it might end up being, it will have to happen. When do you think that will be? * How are you calculating your $2 billion market cap? We know for a fact they have 60-80 MW in capacity (probably more given the new shell companies set up in Missouri and NY) but as of March they only had 550 GPUs deployed, which is peanuts. There is nothing else to indicate they are operating anywhere near full capacity. Again, this isn't FUD: it's a genuine question. * How confident are you of the 6 month lock up? I accept it is fairly standard in these types of transactions but I haven't seen anything to say it's a 100% certainty, outside of it being a fairly common requirement for PIPE investors * What is your short to medium SP target, and why? * Do you think legacy SONM shareholders will end up with a better deal in the short term relative to the Orbic $3.60 pre-split offer? Looking forward to your answers, and thanks again for the epic DD.
rip, so fair value may very well be $8, assuming PIPE didnt get screwed either lol
I haven't read the filings, but most spac shareholders (founder/sponsor & legacy holders) are typically subject to lock-up terms, aside from maybe the PIPE. Some snippets... >The PIPE Subscription Agreements provides for the sale of an aggregate of 3,461,000 ordinary shares at a purchase price of $10.00 per share >Each of the Management Holders, Terra OpCo Quotaholders and Sponsor (the “Locked-Up Holders”), severally, and not jointly, agrees with the Company not to effect any Transfer, or make a public announcement of any intention to effect such Transfer, of any Lock-Up Shares Beneficially Owned or otherwise held by such Locked-Up Holder during the Lock-Up Period (such restrictions, the “Lock-Up”); I don't initially see any lock-up for the PIPE's 3.4mm shares, but I'm not very savvy reading these on my phone. 😁 Down 50% in a few days suggests the MMs have no interest in raising their quotes. That's usually a pia when volume dries up in these low-float plays.
Yes you're right, and I should have been more clear with my language - the RSS vote was yesterday, it hasn't actually come into effect yet. Yes, the 350 mil share sale was to the financier but I was still making the point that if they were on the open market we would know about it. As for the ratio, yes there is a range in place but anything more than 1:10 or 1:15 max then the SONM will likely destroy all remaining SONM shareholder value and would then not be able to justify shooting down the $3.60/share offer from Orbic earlier in the summer. The ratio needs to be high enough to make Qumulus look IPO ready while justifying rejecting that offer. My guess is we will land somewhere between 1:5 and 1:10. Yes common stock is going up for PIPE investors/enabling financing, that doesn't mean the share pool will be bigger than the 350 million. And yes, RTO news will follow the news on the meeting. I expect we will get that news tonight after hours then RTO news on Monday before market opens.
Decided to jump into RANI at 1.7 and watching it extremely closely as this is just pure FOMO; the news isn't that great as they are not getting a billion dollars. Right now, they are only getting 10 mil, then POTENTIAL payments from milestones and a further POTENTIAL deal for UP TO 5 other drug targets for a deal POTENTIALLY worth a billion dollars. Don't forget they also have a PIPE with the price at $0.48.
I bought 50 shares last night thinking the shorts would cover today after all the PIPE warrants were unlocked and the price would go up. Glad I only bought 50. Not sure if it was the market keeping it down today or the shorts but there has been an uptick in call orders for tomorrow this week so 🤷♀️
What PIPE financing did Safe and Green Development (NASDAQ: SGD) announce on October 16, 2025? SGD announced a PIPE to raise approximately $9.0 million via 360,000 Series B preferred shares and accompanying warrants. How many common shares could SGD issue if the Preferred converts and Warrants are exercised? The Preferred converts into 6,617,647 common shares and the Warrants cover up to an additional 6,617,647 shares at a $1.36 exercise price. When is the SGD PIPE expected to close and are there conditions? The PIPE is expected to close on or about October 17, 2025, subject to customary closing conditions. How does SGD intend to use the proceeds from the $9.0M PIPE? SGD intends to fund Resource Group operational expansion and equipment, reduce certain debt, pursue strategic investments/acquisitions, and support working capital. Are the SGD Warrants immediately exercisable after the PIPE? No; the Warrants are not exercisable until the company’s shareholders approve their terms. Will SGD register the shares issuable from the Preferred and Warrants for resale? Yes; SGD agreed to file one or more registration statements with the SEC to cover resale of shares issuable on conversion and exercise.
ASST PIPE warrants unlocked today, and as I suspected, shorts are returning shares ahead of the 17th expiration date. If my hunch is right, it has been the warrant holders shorting this the whole time and may start working to get the price up so they can now cash in on the calls. This is just a theory. Use your own judgment on this. https://preview.redd.it/pntm4pd2vbvf1.jpeg?width=720&format=pjpg&auto=webp&s=b2171a4b76d0245e18bd5ff3ad0d4ff09890a175
PIPE warrants unlocked today.
Don't know if anyone caught this, but it's interesting. It's not a PIPE, but a block trade with fundamental investors at $10.60 per share. "we are delighted to report that following the announcement of the transaction last night, fundamental investors have purchased $24.4 million of shares from existing Willow Lane shareholders at $10.60 per share." $24mil $10.60 fundamental investor block trade takes 2.3mil shares out of the 12.5mil float/trust. Around 10.2mil float/trust left
PIPE proceeds of ~$100 million may dilute existing shareholders
>Did any spacs in the past trade over $20 at merger and didn't upsize the PIPE after target announced? If the answer is yes or no... it wouldn't apply to INFQ anyways. >I'm trying to figure out the chance that CCCX buyers get screwed somewhat. It depends if you think INFQ as the leader in neutral atom quantum computing has gas or not. Imagine it went the IPO route instead. How would it look on day 1... knowing the contracts and partnerships it has?
Did any spacs in the past trade over $20 at merger and didn't upsize the PIPE after target announced? I'm trying to figure out the chance that CCCX buyers get screwed somewhat. I think that the valuation is so low that it's unlikely it would dump hard but i like to know my risks.
I think ASST is a great play for mid to later this week. I lost 15k on STI, so this is my last penny play for a while unless it goes well. Heard some great DD on it. PIPE Warrants unlock the 15th Call Options expire the 17th. Could see one last short squeeze coming before the 17th.
It's not new. We knew this from the 29th September SEC filing. They have to issue shares for PIPE investors. The more telling thing is the deal implies a $1.47 share price, which presumably is a worst case scenario.
Should I wait till after the PIPE warrants are unlocked
Oct. 15th - PIPE warrants unlock OCT. 17th - Options Expire There is reason to believe that the MMs are shorting this because they know they can cover with their own PIPE warrants. Who else would be shorting at 1000% CTB? Now, if they were to cover their position on the 15th, then work their manipulation magic to drive the price up for the call options also expiring on the 17th, they could double their profits. Get where I'm going here?
If you look at the Churchill Capital Corp X presentation related to the merger you'll find the outstanding share count post merger being 246.7 million. There's 182 million from current private holders, 52.1 million from the CCCX merger, and 12.7 million from PIPE investors.
ELOC for STAI [ScanTech AI Enters $50M ELOC with ARC, $500K PIPE | STAI Stock News](https://www.stocktitan.net/news/STAI/arc-group-invests-in-scan-tech-ai-systems-backing-company-s-ai-p1xdd1d33wd5.html)
Bagholding. Looked into delta hedging and undertood why CTB 1000% and massive shorting do not guarantee squeezes. Bought short term pust and and long term calls (a small amount at low prices). Berated myself for not doing thorough DD and being swayed by the hype. I expect price to hit PIPE offering level, then we will see. Will probably average down at <1.50$. I bought at a high price level but gambled a relatively small amount.
Alright, put on your tinfoil hats, because I think there’s more to the $CCCX / Infleqtion merger than meets the eye. We now know about the technical partnership with NVIDIA ($NVDA), but what if Jensen Huang is putting his money where his mouth is? Let's look at the breadcrumbs. **The Public Story:** The merger is funded by $416M from the Churchill X trust and a **$125M+ PIPE** (Private Investment in Public Equity) from "leading existing and new institutional investors". The named investors include big players like Maverick Capital and Morgan Stanley's Counterpoint Global. But there's always room for strategic, unnamed investors. **Why It Makes Perfect Sense for NVIDIA to Be an Investor (Speculative on my part):** 1. **Deep Strategic Alignment:** This isn't a casual partnership. NVIDIA isn't just letting Infleqtion use its software; they are actively promoting them. They co-authored a "Spotlight" blog post showcasing Infleqtion's 42x speedup on portfolio optimization. They gave Infleqtion a prime spot at GTC 2025 to unveil its new "Contextual Machine Learning" (CML). Sam Stanwyck, NVIDIA's own quantum product manager, explicitly stated: **"There is a symbiotic relationship between AI supercomputing and quantum computing"** when referring to Infleqtion's work. You don't get this level of integration and praise without being strategically vital. (I preface this by saying that there is a current limitation as this was a theoretical simulation using Infleqtion's proprietary quantum algorithm, but their Roadmap and current trajectory suggests that the actual live deployment tests may be possible by 2026). 2. **Securing the Quantum Future:** NVIDIA dominates AI hardware. The next frontier is quantum-accelerated AI. By taking a direct financial stake in a leading quantum company like Infleqtion, NVIDIA secures its own future. It’s a strategic hedge and an offensive move to ensure they are integrated with the winning quantum modality (neutral atoms). Why let a competitor like Google or Microsoft own the next paradigm? 3. **The "Customer" and "Partner" Language:** Infleqtion's merger announcement says their systems are **"in use by NVIDIA"** right alongside paying government clients. This relationship appears to be much deeper than just a software collaboration. A direct investment from Nvidia would be the logical next step to formalize this deep tie-up. 4. **The "Unnamed Investors" Trope:** It's common for strategic corporate investors in PIPE deals to remain unnamed for competitive reasons. Announcing NVIDIA as a direct investor could create all sorts of market chaos and signal their future M&A intentions too early. Slipping in quietly as part of the institutional round makes perfect sense. **TL;DR:** The level of public validation and deep technical collaboration between NVIDIA and Infleqtion is almost unprecedented for a pre-merger SPAC. While not officially confirmed, the evidence strongly suggests that NVIDIA has every strategic reason to be one of the key financial backers in the $CCCX PIPE. They are not just partners; they are stakeholders in ensuring Infleqtion becomes the leader in the quantum era. A direct investment from NVIDIA would be the ultimate seal of approval and a signal of the massive upside potential here. This is worth watching very, very closely.
Per grok: No sign of that-nothing in their press release or filings says the investor drops in ten days. It's a PIPE, so full details hit the next ten-Q post-earnings, around late November. Reddit's probably just hype; folks love speculating, but SEC rules don't force a quick reveal unless it's over five percent stake. If it was Nvidia or someone huge, we'd hear rumors everywhere by now. Still quiet, though?
yeah im refusing to DCA until around 15th oct or when the price nears 1.35 due to the PIPE issuance
>SPAC stocks often face a sell-off right after the merger. Normal SPAC stocks. Not once in a blue moon types like CCCX imo. There also could be a lock-up period of 30 to 90 days post merger. Which blocks immediate sale ability. I'm optimisticly biased against your more careful approach. But if one was in these PIPE investors shoes - they were probably ecstatic to gain a discount deal into CCCX/Infleqtion. So even if they sell some. It won't be all.
Hm I am no expert, but from the research i've done I came to the conclusion that SPAC stocks often face a sell-off right after the merger. I actually am not sure if people will start selling this stock right after (what in my opinion would make sense since after the merger, hundreds of millions of new INFQ shares will be issued to Infleqtion holders, PIPE investors, etc.), with prices sliding back toward $10 or even lower. Buying now at 19$ carries a risl of buying to high. But i have actually no idea if my assumption is correct. I am still considering buying with a little amount to see if i was right or wrong
Time to get out of dodge when it sustains $1.+ The stock will get diluted. Time or watch for filings. Best estimate: 4–8 weeks after sustaining $1, material dilution would begin from RSU grants, and equity financing could happen even sooner if the company seizes the momentum. Important nuance: The company doesn’t have to wait for the RSUs to dilute — if the price is strong, they can issue stock any time (e.g., ATM, PIPE, warrant exercise inducements). The RSUs are just the guaranteed baseline dilution that’s coming if the rally holds. Bottom line • If BURU stays above $1 for ~a month, you should expect RSU dilution to begin within the next 6–8 weeks. • Equity raises could hit even earlier, especially with their Orbit payment obligations looming. • So while the price could spike and hold temporarily, the longer it stays elevated, the more likely and heavier the dilution becomes. A sustained >$1 rally is almost self-diluting for BURU.
PIPE warrants unlock on the 15th, so there will be lots of available shares for short positions to cover when options expire on the 17th.
Trust size means nothing nowadays, it’s all about PIPE , and other means of raising funds. A 50M trust vs 300M could just as easily take any huge 3B entity public.
So now LPTX will start accumulating BTC? This is an odd pairing for a biotech, and with the highly dilutive nature of this PIPE this just got a lot more interesting
Maybe the PIPE financing closed. If they confirm, we should see some positive movement.
ASST - PIPE warrants unlock on the 15th ahead of the October 17 options expiration. There will be lots of available shares for shorts to cover.
ASST is risky. The PIPE warrants unlock on the 15th, and the highest concentration of options expires on the 17th. It looks like there will be lots of available shares to cover short positions.
Just to add to u/yowhyyyy answer. Two ways the OS can jump — both are public, just on different timelines: A) Registered path (authorization disclosed first) • Nuburu’s Sept 2025 deal publicly registered the capacity: 32,373,536 common + 51,660,075 pre-funded warrants (exercise $0.0001, immediately exercisable; **not counted in OS until exercised**) + 126,050,417 common warrants (immediately exercisable). – Baseline: 99,829,078 shares outstanding on Aug 20, 2025 (see 424B5): https://www.sec.gov/Archives/edgar/data/1814215/000119312525215637/buru_424b_eloc_-_sept_20.htm – Implied OS right after the Sept 16 close (counting only new common): 99,829,078 + 32,373,536 = **132,202,614**. – 8-K describing the offering (references the effective S-1): https://www.sec.gov/Archives/edgar/data/1814215/000119312525205238/buru-20250915.htm – Press release with same counts: https://www.sec.gov/Archives/edgar/data/1814215/000119312525205238/buru-ex99_1.htm • Exercises/takedowns under that effective registration don’t require a new 8-K each time. The TA issues the shares → OTC shows the higher OS → the cumulative total appears later in the next 10-Q/10-K. – SEC Form 8-K (see Item 3.02 scope): https://www.sec.gov/files/form8-k.pdf B) Unregistered path (disclosed after execution) • If the company sells **unregistered** equity (e.g., PIPE/convertible under Reg D/4(a)(2)) and the **aggregate since the last report** exceeds the Item 3.02 threshold, an 8-K is due **within four business days**. – Thresholds (Item 3.02): >1% of OS (or >5% if a Smaller Reporting Company) — see Form 8-K instructions: https://www.sec.gov/files/form8-k.pdf – Trigger can be agreement signing (SEC CDI 212.01): https://www.sec.gov/rules-regulations/staff-guidance/compliance-disclosure-interpretations/exchange-act-form-8-k – **Concrete example:** If the triggering event occurred on **Fri, Oct 3, 2025**, the 8-K would be due by **Thu, Oct 9, 2025** (four business days later). Why OTC can show it first • OTC’s “Transfer Agent Verified Shares Program” has TAs send a **daily** file with a single **as-of** date across all share-structure fields. That’s why OS can update before EDGAR. – Program spec (daily file + “as-of” date): https://www.otcmarkets.com/files/Transfer%20Agent%20Verified%20Shares%20Program.pdf – Program definition in OTC rules: https://www.otcmarkets.com/files/OTCIDRules.pdf • Tip: look for the **Transfer Agent Verified** badge and the **as-of date** on the OTC “Security Details” page.
Just to add to u/yowhyyyy answer. Two ways the OS can jump — both are public, just on different timelines: A) Registered path (authorization disclosed first) • Nuburu’s Sept 2025 deal publicly registered the capacity: 32,373,536 common + 51,660,075 pre-funded warrants (exercise $0.0001, immediately exercisable; **not counted in OS until exercised**) + 126,050,417 common warrants (immediately exercisable). – Baseline: 99,829,078 shares outstanding on Aug 20, 2025 (see 424B5): https://www.sec.gov/Archives/edgar/data/1814215/000119312525215637/buru_424b_eloc_-_sept_20.htm – Implied OS right after the Sept 16 close (counting only new common): 99,829,078 + 32,373,536 = **132,202,614**. – 8-K describing the offering (references the effective S-1): https://www.sec.gov/Archives/edgar/data/1814215/000119312525205238/buru-20250915.htm – Press release with same counts: https://www.sec.gov/Archives/edgar/data/1814215/000119312525205238/buru-ex99_1.htm • Exercises/takedowns under that effective registration don’t require a new 8-K each time. The TA issues the shares → OTC shows the higher OS → the cumulative total appears later in the next 10-Q/10-K. – SEC Form 8-K (see Item 3.02 scope): https://www.sec.gov/files/form8-k.pdf B) Unregistered path (disclosed after execution) • If the company sells **unregistered** equity (e.g., PIPE/convertible under Reg D/4(a)(2)) and the **aggregate since the last report** exceeds the Item 3.02 threshold, an 8-K is due **within four business days**. – Thresholds (Item 3.02): >1% of OS (or >5% if a Smaller Reporting Company) — see Form 8-K instructions: https://www.sec.gov/files/form8-k.pdf – Trigger can be agreement signing (SEC CDI 212.01): https://www.sec.gov/rules-regulations/staff-guidance/compliance-disclosure-interpretations/exchange-act-form-8-k – **Concrete example:** If the triggering event occurred on **Fri, Oct 3, 2025**, the 8-K would be due by **Thu, Oct 9, 2025** (four business days later). Why OTC can show it first • OTC’s “Transfer Agent Verified Shares Program” has TAs send a **daily** file with a single **as-of** date across all share-structure fields. That’s why OS can update before EDGAR. – Program spec (daily file + “as-of” date): https://www.otcmarkets.com/files/Transfer%20Agent%20Verified%20Shares%20Program.pdf – Program definition in OTC rules: https://www.otcmarkets.com/files/OTCIDRules.pdf • Tip: look for the **Transfer Agent Verified** badge and the **as-of date** on the OTC “Security Details” page.
I get that dilution is basically inevitable here given the PIPE terms, but what makes this interesting to me is the tiny float — around 4M shares. With that kind of setup, any real buying pressure or shorts caught leaning too heavy could trigger some wild squeeze-type moves. It’s one of those names where the fundamentals are messy, but the structure + volatility can create opportunities. Personally I’m keeping an eye on volume — if it keeps ramping while holding new levels, it could get pretty explosive. Not saying it’s a long-term hold, but as a short-term trade the risk/reward is what has me paying attention.
Not saying Gig target is better, just saying it is weird how distorted the price is. All it takes is one big name in the PIPE funding or a LOI with a big datacenter company and this is at $2
Beyond just the rights you should do digging into the pre ipo pipe they have as well. It’s dilutive if they end up with high redemptions and excersised immediately upon merge with bridge financing too. PIPE and bridge is close to 900k shares immediate and 1.9M warrants(plus whatever number of half and quarter warrants with the pipe) also possible to be excersised without S1 effect. Similar setup to a lot of these pre product/early stage. Terra wont have a product til 2028 at the earliest. This is not a normal deal though. There has never in the history of rights been a 9$ pre ticker change valuation so watching this one closely with no position