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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
Been doing a bit more DD on DBGI and here’s what I’ve found: They recently amended their Series D PIPE financing, raising another ~$1.5M. Worth noting the terms include preferred shares converting at a discount, so dilution risk is real. On the flip side, DBGI’s tech arm (Open Daily Technologies) was accepted into NVIDIA’s Connect Program, which gives them access to NVIDIA’s AI/ML resources and ecosystem support. Doesn’t guarantee success, but it’s an interesting angle considering how hot AI is right now. Despite that news, the stock actually dropped ~25% in a single day afterwards — shows how fragile sentiment is around these microcaps. Management keeps talking about scaling through e-commerce, NIL/college apparel partnerships, and using data/tech to boost customer lifetime value. So yeah — fundamentals are still shaky, but this is why the reversal from the lows has been so wild. It’s basically riding the mix of AI hype + microcap volatility. Definitely high risk/high reward.
Exactly — oversubscribed shelf, not a PIPE, and nowhere close to maxing out the shelf capacity. The raise de-risks near-term execution.
Just to clarify — ALMU hasn’t done a PIPE. The raise was a shelf offering that was oversubscribed, and they only tapped a fraction of the shelf. That’s very different from a dilutive PIPE structure. Warrants are standard for small-cap financing, but even if exercised, they bring in additional cash to the company — not debt. The net effect is more runway and more resources to accelerate customer programs.
1. They are done raising capital and it was a shelf offering that was oversubscribed and they only raised 1/4 of what was allowed in the shelf. 2. They don’t need any more capital. 3. They have not done a PIPE
The PIPE holders need liquidity to sell shares, so the company needs momentum. In every recent news release they have had over the past few couple weeks every bit of momentum has been eaten up by these PIPE offerings, warrants, etc. Just look at the news feed spam for raised price targets, etc. Been there, done that. This stock might be a good buy, but not for a few months at least.
That’s not how it works. SONM cannot just issue $500M of stock at less than a penny and wipe out existing shareholders to .001%. The $500M equity facility with Chardan is structured so shares are sold at or near market price, not at an arbitrary discount like a fraction of a cent. PIPE or equity line investors typically buy at a slight discount to the market, but always within a regulated framework. Yes, there will be dilution when new shares are issued, but it will be proportional to the agreed raise and market conditions. Current shareholders do not automatically get reduced to 0.001% ownership. Instead, the final ownership split depends on: 1. How many shares are issued in total. 2. At what price the shares are issued. 3. What valuation the combined company (with QumulusAI) is assigned. You have to keep in mind that the company will be overtaken by a way bigger company with a valuation of 300mil USD. The current shareholders will consist of roughly 8.5 pct of the Company
$NAKA Look at the price action last few months... To be fair it was only a small position and cut my losses at about -40% from what I can remember, but this was literally within a month of buying it... it's then dropped another -80% since the sale price. From what I can gather, it's been massively shorted, and all the PIPE sellers dumped their shares.
You are right, the PIPE price is the floor. The question is what happens afterwards.
This is going to the PIPE price, around 1.30$.
Yeah I won’t touch again until $1.50 if they take it there. My guess is they might since the PIPE financing was set at $1.09 and the merger occurred at a premium. Only time will tell but I’m good with my position for now. GL
The stocks is going to $1, because the PIPE will give them loads more personal shares. Absolutely no benefit in making this share increase until then...
I also asked chatgpt to find any such contract reference. This is what it gave me - * The financing transactions disclosed are: * **PIPE Financing**: \~$511.7 million at $1.12 per share. * **Debt Financing**: $200 million convertible debenture. * **Additional PIPE**: $51.5 million at $5.00 per share. * These are funding commitments, not revenue or service contracts. * The text also references the Marketing Agreement with BTC Inc., but that agreement is tied to equity issuance and possible EBITDA multiples — again, not a $150M contract. So far, the $150 million figure does **not** appear in this section.
u/Bornagainghostbuster what about the PIPE and warrants being un-locked in the coming weeks?
Legit cannot think of a worse play right now, with ASST management themselves diluting their share value with the SMLR merger and the $1.5 PIPE through Oct. This'll hit sub-$2 before any hope of bouncing up meaningfully, which conveniently is where your maintenance requirement sits. At least you're young enough to earn it back by your 30s.
I think this is the PIPE shares being issued and obviously sold off. I'm hoping this is being done in tranches to limit complete decimation but to be honest that's pure hopium and this could easily be collapsing to around $1.30
I really want to get into both NUAI and NXXT, but just seems like the wrong time. Both are very early and need a ton of financing to move forward that they don’t have right now. Which means any pump is likely going to be closely followed by dilution. If you got in early, great. But I’d be afraid to FOMO buy in prior to whatever ATM / PIPE / etc. offering happens. Rather wait until the funding path is clearer.
I think it is very inexpensive partially because he diluted the shit out of it, went from like 7 million shares outstanding in June to 376 million. But apparently this level is around where a lot of the original PIPE investors got in at so might be a floor, unless they start bailing.
ZOOZ Power () announced that at its Extraordinary General Meeting, shareholders voted to approve all proposals related to the Company’s previously announced $180 million private placement and Treasury Reserve Strategy. Following this approval, ZOOZ expects to close the PIPE during the week of September 22, 2025
ZOOZ Power () announced that at its Extraordinary General Meeting, shareholders voted to approve all proposals related to the Company’s previously announced $180 million private placement and Treasury Reserve Strategy. Following this approval, ZOOZ expects to close the PIPE during the week of September 22, 2025
Yeah man I agree with your points. Tho $TRUG’s rev and EPS are trending up if you discounting the money they had to spend to get out of the trouble with PIPE investors which is all behind now. In fact, it is totally capable of achieving positive cash flow. I think the company is super undervalued from here, but like you said, it needs a somewhat legit catalyst to bounce “hard”. I am entering because the price is too cheap to ignore.
They automatically split upon merger completing yes? Not sure why you would go the dump route for a potential loss if you can just have post-merger commons and warrants. Big PIPE and solid company from the looks of it. That’s just me though…
My read on this: I am keeping the four day rule in mind. This rule applies to all material agreements even those not binding. If negotiations had collapsed and the LOI were terminated, they would be obligated to disclose by Monday at the earliest. I also consulted a close friend who is a managing partner at a major investment fund. His view is that bridge loans are often extended when the borrower can show the bridge is still active and serving its purpose. The definitive 14A filing is encouraging because it signals that management is executing the process as expected. With the RSS vote scheduled nearly a month out, they have secured the procedural step that had me and you worried. Based on that sequencing, I would not be surprised to see an update or news release early next week now that the reverse split mechanics are set and the calendar is locked. Oh and let’s not forget that, the RTO can move forward while the RSS process is underway. The reverse split is just to keep Sonim Nasdaq-compliant and clean up the share structure so a merged company meets listing standards. They can keep negotiating and even announce a definitive deal before the split is executed. Shareholders will need a separate vote on the merger itself, but both steps can run in parallel. Also an increase in Authorized Common Stock 100 M -> 1B this gives management room to issue new shares for the RTO, financing, or future deals. It also creates more headroom for warrants, options, or PIPE financing. We still have to Summing up: unless they announce the termination of the LoI everything points towards the fact that the RTO is happening but may be delayed, it’s good to monitor it closely and be cautious of the coming days but the play is still in place and in my opinion the risk involved with the play has not exponentially increased so far
Just get out before the PIPE unlock man
Getting over 220M pipe with trust at 500M+ (pre redemption) seems pretty positive to me. Dilution will always be a risk given the structure of this new pipe, and many similar pipes but the fact PIPE has grown to this size shows some positive outlook/sentiment from institutions in my opinion.
$CODA Revenue increased 29.0% year-over-year to $7.1 million Marine Technology Business revenue grew 30.7% to $4.0 million Equipment sales surged 103.6% to $2.7 million Cash balance increased by $3.7 million to $26.2 million Successfully delivered 16 DAVD systems to U.S. Navy Launched new Echoscope PIPE NANO GEN SERIES® targeting expanding defense market Operating margin declined to 19.5% from 25.4% year-over-year Gross margin decreased to 68.3% from 73.9% Marine Engineering Business revenue declined 33.2% to $1.6 million Rental revenue decreased 62.2% due to reduction in offshore renewable projects SG&A expenses increased 32.8% to $2.9 million
SQNS (Sequans Communications) - 0,97$, 140.2M market cap, currently recovering after ATlow after rev split announcements and PIPE sell off. Holds 3072 Bitcoins, has a core business breaking even 2026-27 at the latest and making a lot of partnership and licensing deals with their 4G/5g IoT business. 3.5 - 7,5$ share price by two analysts, I think +10 by next year.
You do understand PIPE financing adds more shares to the float meaning their is less of a chance of a float squeeze
OPEN news: Opendoor Technologies (Nasdaq: OPEN) has appointed Kaz Nejatian, former COO of Shopify, as its new CEO and Board member. In a significant leadership restructuring, co-founders Keith Rabois and Eric Wu are returning to the Board, with Rabois assuming the Chairman position. The company is receiving a $40 million PIPE investment from Khosla Ventures and Eric Wu to fuel business growth. Nejatian, known for his AI expertise and operational efficiency at Shopify, will lead Opendoor's transformation into an AI-powered real estate platform. Board members Pueo Keffer and Glenn Solomon have stepped down, while Eric Feder continues as Lead Independent Director.
When does the merger and PIPE go into effect
Since ASST is gaining traction, thought I'd post this up here from my original response (with a little bit extra) to a comment. Bit of background, I've been in ASST before the rise with a dollar average. Judging by my own experience (watching the chart and volume almost every day for 5 months, coupled with the fact that I've read pretty much every press release, SEC filing and correspondece officially related, e.g. twitter messages from Matt Cole (CEO of Strive and CIO of Strive Asset Management)), I would not be surprised if this goes back to at least $10 (it hit double digits in late May). However realistically, if you want this to be anther thousand plus percenter, it's all luck. This stock has a 14-ish million float, so it wouldn't have trouble going up if it wanted to, but here's the thing, the initial $750m PIPE is priced in at $1.35 per share. This isn't necessarily a bad thing as the market has shown that FOMO and irrationality can move things (e.g. OCTO's news shared 185m new shares at $1.46 per share). The price now seems fair, however, I would feel remiss if I didn't mention that this stock has behaved irrationally in the past, and as such don't be surprised if it dips below your average. End of the day, all it needs is one big volume day (like OCTO) and we could see this at double digits. Expanding on this, we're already almost at double digits, though you may have wondered what stopped this from rising higher on 27 May, well that's when they announced the PIPE price. Moreover, while the final ticker will be not-so great for current shareholders (ASST stockholders will retain 5.8%), the stock still requires clearance by Nasdaq for the listing, so I can see this going up until the announcement/listing. If I'm being completely honest, I didn't expect it to hit almost $10 already AM, so my current estimate is around $15-20 within the next couple weeks, especially when taking into account the fact that it hit $13 before approval.
Hmm, judging by my own experience (watching the chart and volume almost every day for 5 months, coupled with the fact that I've read pretty much every press release, SEC filing and correspondece officially related, e.g. twitter messages from Matt Cole (CEO of Strive and CIO of Strive Asset Management)), I would not be surprised if this goes back to at least $10 (it hit double digits in late May). However realistically, if you want this to be anther thousand plus percenter, it's all luck. This stock has a 14-ish million float, so it wouldn't have trouble going up if it wanted to, but here's the thing, the initial $750m PIPE is priced in at $1.35 per share. This isn't necessarily a bad thing as the market has shown that FOMO and irrationality can move things (e.g. OCTO's news shared 185m new shares at $1.46 per share). The price now seems fair, however, I would feel remiss if I didn't mention that this stock has behaved irrationally in the past, and as such don't be surprised if it dips below your average. End of the day, all it needs is one big volume day (like OCTO) and we could see this at double digits.
To be fair, FORD had some news about a PIPE for coins today and it went up about 150% max before falling back down. I was keeping my eye on that more closely so if only hype went to this instead
OPEN AND PIPE? Bullish
I’m bag holding as well. All the treasury companies are getting killed. CEP did a PIPE at $21 per share in June for 165 million. I figured $21 would be the floor. Tether has enough money that I figure they won’t need to dump on retail. But who knows. The chart looks brutal. I’m coping that shorts will press and this thing will finally pop !! Put premium is huge.
IMA. Best in class treatment for atopic dermatitis. Huge funding from PIPE investors. Should 2-3X from here.
Isn't there a PIPE lock up period? Is shorting at >500% CTB for long really sustainable?
Guys, read the SEC filings. The people involved in the PIPE financing are getting shares and warrants at 1.35/share. Not only is it massive dilution, but it's free money for anyone involved to short at today's price of $6 which probably explains the short interest. It's disgusting but there's no squeeze potential, only potential for monkeys to foolishly buy into this and lose their ass
Who cares how many shares are shorted by Vivek at today's price ($6) when the financing is at $1.35. It's free money for the people involved in the PIPE and there is no squeeze potential here. Read the SEC filings
SPRT squeezed a couple weeks before the merger and collapsed after the merger. the potential pop would have to happen before the merger IMO. the company wants to dilute so badly and purchase BTC asap. in a traditional PIPE yes they’d be subject to 180 day type lockups but there is no lockup in this period.
The Angel Studios Reg A funding ad is still running on Facebook. Followed the link, [it says Angel Studios has raised $23.5 million of their $25 million goal so far](https://fansinvest.angel.com/). May be misreading / misunderstanding, but it looks like Angel Studios is essentially raising a PIPE. If so, then it is probably good news that they have raised almost $25 million. The shares sold in the Reg A, at $44 per share, will then convert into ANGX shares at $10 if/when the business combination closes. "(2) at the Closing, all of the outstanding capital stock of Angel Studios (other than shares subject to Angel Studios options, shares held in treasury and any dissenting shares) will be converted into the right to receive shares of common stock, par value $0.0001 per share, of Southport (“Southport Common Stock”), in an aggregate amount equal to (x) $1.5 billion ***plus the aggregate gross proceeds of any capital raised by Angel Studios prior to the Closing***, divided by (y) $10.00;"
It has been said by myself and others, but Sponsors could care less about Nasdaq delisting deadlines to complete their deals. Nor do they care about retail sentiment. Their sole goal is to drag deals across the finish line and cash in. There’s also nothing stopping DMYY from 1) raising PIPE to meet the capital needs and 2) extending past December via a shareholder vote. In fact, I imagine they do both to close the Horizon Quantum merger. All indications point to both teams continuing to be committed to and working towards the deal. Until we see a filing that indicates otherwise, people will just have to wait and see.
Rights 1/10 share. I'm in because of PIPE.
I think I saw news about it because the stock price had jumped from around $2 something to around $3.5 due to a $425mil PIPE to switch to an ETH treasury. I invested around then because BMNR jumped from $4-$140 or something at its peak when they got a $250mil PIPE to do the same thing. Although, it’s not looking so hot right now LOL
[Merlin to Go Public via Business Combination with Inflection Point-led SPAC as Leading Defense Prime Contractor for AI in Aviation](https://www.businesswire.com/news/home/20250814418852/en/Merlin-to-Go-Public-via-Business-Combination-with-Inflection-Point-led-SPAC-as-Leading-Defense-Prime-Contractor-for-AI-in-Aviation) \- BACQ BACQR *As the leading defense prime contractor for AI in aviation, the deal values Merlin at $800 million pre-money, and has over $125 million in committed PIPE capital, $78 million of which has been funded at the BCA signing to further accelerate growth.*
I mean they announced H2 so I would take timelines with a grain of salt here. I do believe they will try to ram it through by EOY w/ no cash closing + PIPE but it will be delisted by mid-October anyways.
Agree on both aspects. A SPAC is a shell company and very common vector recently for Treasury’s going public. (CEP, CEPO) But I also can’t comprehend how a spac could have “already acquired”. Maybe a reference a PIPE? Or could RTAC purchase treasuries on its own? Probably worth keeping an eye on SEC filings and price action on Monday
What does everyone think about $VERB stock? Based on the press release this morning, looks like the $558 million PIPE closed as expected so now the company has a new management team and a lot of cash. It’s been moving up in the premarket!
Im not arguing his character at all. Hes right to be pissed if he was in since doogee. I bought almost all of my shares after the poison pill so I can’t share his anger. He’s very wrong on some points however - NAV is currently much higher than $0.75/share, being $1.40-1.71 - Poison pill was sold explicitly to PIPE buyers. None of whom purchased >900k shares (5% of shares outstanding), save for 2 (CVI and L1 Global Ops) -no insiders have bought or sold more, or they would have to report by now - He mistakes the legacy asset cash sale for outright acquisition the company via purchase of all shares. The clean shell is more valuable than the buyout, I promise - shareholders overwhelmingly decided the current path is better, even after the poison pill. The company performing the RTO will give much better returns than $3.60/share
I’m of the opinion that certainty + PIPE will lead to a pop, but definitely appreciate the pushback. It’s a good point that all possible buyers might be in!
I can’t see it popping much more on DA, when they already have their LOI and everything seems to have been just getting the details and financing / PIPE ready for a DA, perhaps this week.
1. The disparity in the $24-29M NAV will have to be addressed. Best case for sonm holders is a one time cash distribution addressing the disparity. Worst case is larger stake in acquiring company. Either one will come down to a shareholder vote and I doubt the second option would pass. 2. The price went to $0.75 for the poison pill and tbh I think they oversold the news and it’s staying pegged because of lack of exit liquidity. Hence the astronomical borrow fees and fact most brokerages aren’t even allowing borrowing. They are likely banking on a reverse split before RTO is official and exiting on that. 3. That’s the part I dislike the most here. They are simply unwilling to disseminate any info to retail. They won’t reply on any channels to anyone I know that has tried to reach out. They are operating currently, permits and city council approvals I’ve checked back that up. 4. Lack of publicity is a coin flip. Some investors I’ve researched on SONM end are common PIPE investors. But their value is very hard to gauge
1. The disparity in the $24-29M NAV will have to be addressed. Best case for sonm holders is a one time cash distribution addressing the disparity. Worst case is larger stake in acquiring company. Either one will come down to a shareholder vote and I doubt the second option would pass. 2. The price went to $0.75 for the poison pill and tbh I think they oversold the news and it’s staying pegged because of lack of exit liquidity. Hence the astronomical borrow fees and fact most brokerages aren’t even allowing borrowing. They are likely banking on a reverse split before RTO is official and exiting on that. 3. That’s the part I dislike the most here. They are simply unwilling to disseminate any info to retail. They won’t reply on any channels to anyone I know that has tried to reach out. They are operating currently, permits and city council approvals I’ve checked back that up. 4. Lack of publicity is a coin flip. Some investors I’ve researched on SONM end are common PIPE investors. But their value is very hard to gauge
Hadn’t seen it mentioned but looks like the WTMA / Evolution Metals deal is still on. They terminated the portion of the BCA that involved Critical Mineral Recovery earlier this month and the sentiment (according to how rights traded that day) was that the deal would be off. Rights hit $0.09 and are currently back around $0.40, so about a 4x return. WTMA filed a post-effective registration statement that essentially said they are moving forward w/o CRM and will need to hold another shareholder vote to approve the merger. Believe they still have a $500m PIPE term sheet queued up so hopefully this means a vote and quick close are coming in August.
[180 Life Sciences Announce an Upsized $425 Million Private Placement to Establish an Ether Treasury Reserve Led by Consortium of Digital Asset Leaders to Launch ETHZilla](https://www.prnewswire.com/news-releases/180-life-sciences-announce-an-upsized-425-million-private-placement-to-establish-an-ether-treasury-reserve-led-by-consortium-of-digital-asset-leaders-to-launch-ethzilla-302516170.html) \- ATNF ATNFW "Over 60 institutional and crypto-native investors in the PIPE transaction including Harbour Island, Electric Capital, Polychain Capital, GSR, Omicron Technologies, Konstantin Lomashuk (Co-Founder Lido and p2p.org), Sreeram Kannan (Founder, Eigenlayer), Mike Silagadze (Founder, Ether.fi), Danny Ryan (Co-Founder, Etherealize), Vivek Raman (Co-Founder, Etherealize), Sam Kazemanian (Co-Founder, Frax), Grant Hummer (Co-Founder of Etherealize), Robert Leshner (Founder, Compound and Superstate), Tarun Chitra (Founder, Gauntlet) and several other prominent Ethereum ecosystem founders and leaders." "At closing, Electric Capital will serve as the external asset manager for the Company, and plans to implement a differentiated, on-chain yield generation program. This program will be designed with the goal of outperforming traditional ETH staking, while maintaining robust risk management, seeking to leverage a combination of staking, lending, liquidity provisioning and bespoke private agreements."
[ZOOZ Announces Private Placement of $180 Million to Launch a Bitcoin Treasury Reserve Strategy](https://www.globenewswire.com/news-release/2025/07/29/3123142/0/en/ZOOZ-Announces-Private-Placement-of-180-Million-to-Launch-a-Bitcoin-Treasury-Reserve-Strategy.html) \- ZOOZ ZOOZW "The PIPE, which is subject to shareholders’ approval, is expected to involve the sale of 180 million of the Company’s ordinary shares and pre-funded warrants at a purchase price of $1.00 per ordinary share." ZOOZ stock closed at $3.51 yesterday. They announced they are selling 180 million new shares at $1 per share, to fund a bitcoin treasury. The stock is up premarket.
Cool. Any idea on the timeline for this, or it's the SEC filing linked? Usually it's for x days right? I apologise to ask you so many questions, I haven't played SPACs for a while. Do you have thoughts on whether the runup to the vote, or the actual ticker change, will likely see good price spikes? Or since you mention how well this share price incentive aligns management with shareholders, then maybe hold past the merger? What does "PIPE and didn't redeem when they had the chance." redeem means what here?
I’m in too! If the PIPE deal goes through, this will go to $100 on Thursday
Holding a good quantity of $sonm shares, $0.75 avg I’m high conviction the RTO target will be announced very soon. All of the noise the past month or so scared off momentum traders to my great benefit. Bonus: $24M NAV and Sonim share holders will only receive $15M of newco. This must be reconciled and the best thing for everyone is just an ATM equity purchase by newco PIPE
There was news. Slides from the PIPE deck were leaked to unchained. Solana Treasury. [https://unchainedcrypto.com/new-solana-treasury-company-raising-1-5-billion-to-be-led-by-joe-mccann/?\_bhlid=e5dd51bb25c1b07ea7ebfbe376da7d12e53fa6e2](https://unchainedcrypto.com/new-solana-treasury-company-raising-1-5-billion-to-be-led-by-joe-mccann/?_bhlid=e5dd51bb25c1b07ea7ebfbe376da7d12e53fa6e2)
I give up! Have to correct my comment so as not to leave you with inaccurate data. ChatGPT and CoPilot telling two different stories on ownership. One starts with a chart saying 87.5% insider ownership. Did some more question asking and now find 36.4M OS and 34.6 Float. It explained that the original chart was incorrect bc there have been share sales, maybe restricted, or PIPE etc. thank goodness I didnt step in it and make a post. Next time I will ask directty for yahoo, fintel, marketbeat data and compare.
I mention that in the OP. Both are good and I own both. I like SBET bc it has more volatility and volume, which allows them to ATM more efficiently into that volume using VWAP. SBET also gives you a clear view of its market cap which is fully diluted, I am not sure about BMNR with its PIPE financing. I also like Lubin and he is a true ETH bull (and the co founder of ETH) I like Tom Lee too, but he's not a pure ETH guy. I want to support a company that is razor focused on ETH here. Tom is focused on his own ETF and his own fund, along with BMNR. Both are bullish for ETH
Hi, i'm a little new to BMNR. i'm keen to learn more. Grok informed that Peter Thiel bought in at $4.50 (sic) per share less than a month back. The current price is $40 plus. Anyway idea how to get such sweet deals ? \[Grok follows\] Peter Thiel, through his venture capital firm Founders Fund, acquired a 9.1% stake in Bitmine Immersion Technologies (BMNR), purchasing 5,094,000 shares. The acquisition was disclosed in an SEC filing on July 15, 2025. Specific share prices from the filing are not detailed in the available data, but posts on X suggest the purchase price ranged between $46 and $51 per share. On July 16, 2025, BMNR shares surged, trading as high as $51.68 and closing at $44.97 after a 12.5% after-hours rally.Regarding the PIPE (Private Investment in Public Equity) deal, Bitmine announced a $250 million private placement on June 30, 2025, selling over 55 million shares at $4.50 each to fund Ethereum acquisitions. Thiel’s investment was part of this deal, with participation from other institutional investors like Pantera Capital and Galaxy Digital
Understand dispersion, drawdown, sharp (and sortino)ratios. Study EMH and novel/inexperienced investor behavior and money supply— inn terms of the factors and reactions and developments in the systems in place and to be implemented with fintech bringing in less regulation, PIPE funding, liquidity draws, SWFs, and novel assets being accepted (history of decentralized currencies is a good start— maybe enjoy some Mark Kurlansky via “Salt” As far as today, yesterday, tomorrow— it’s about access to conduits already staked and how to utilize the volatility mechanisms to gain entries with a bit better probability. Litigation funding for some very specific factors in IP law……. Too little meat, too late to eat: The strategy is find something new to stake years out : the quantum’s’ future supply chain where it doesn’t intersect with gen AI and core data infrastructure or how about advancements in water, epigenetics, population surveillance, Maybe there’s something left in software? what will happen with production from all the commercially and gov deployed generative “AI” and mathematical learning models in the new world and its’ infrastructure This is a large part of the reason the past 3 or so years’ playbook included direct loaning to P/E Which in turn like a good Lombard Credit strategy was focused on quiet consolidation years out. Like rolling up electricians and heating/cooling companies (see how this ties in to the OP) Things like transport infrastructure have been staked with initial operating capital and expansion through the phases before general public knowledge, but they are so huge they are something even those M-A status can get a little wet on. Interoceanic Corridor began 8 years ago physically, up to two months or so ago there were a spate of plays on the newer contractors— Canadian Pacific is a great example to look at catalysts and realization timelines on in analysis to lead a bit. Axon with law enforcement spending. PLTR with the data from AI implementation if you look at it with a timeline of Anduril’s contracts or projects.
One thing that no one has mentioned, and is huge for their valution: They have been investors in all of the noteworthy recent ETH treasury vehicle raises. For example with $sbet (currently trading c.$25), they raised $425m via PIPE investment at somewhere around the $6.15 mark at the end of May, and galaxy was a part of that raise. So if they still hold, thats a roughly 4x increase on their money since the end of May. (the stock went as high as $124 after the raise, so its possible they sold higher than the current price too...) They were also a part of the private placement raise $BMNR did to raise funds for their ETH treasury. This placement happened at $4.25, with the stock currently trading at $41. Which is a 9.6x on their money in just under a month. The raise took place 30th June. (the stock went as high as $160 post-raise, so its also possible they sold higher than current prices...) We won't know the amounts invested/profited from these until likely their august earnings call. But there are many other such examples. These two are just recent and gives colour to ROI from one of the first names these eth treasury vehicles reach out to for investment. This is completely theoretical (albeit I also think conservative): If they invested $100m out of the $425m into sbet, they've have made $300m profit in less than 2 months at current prices. If they invested $50m into the BMNR raise, theyd have made $430m. So from these two they'd currently been sat on $730m profit, and theres a good chance they contributed greater amount to each raise. They also participated in the series B funding of BitGo, who have just filed to IPO. So they stand to make significant gains here in addition