FreeCast avoids major dilution as 96% of amended warrants expire unexercised

Filed May 28, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• high

  6.5 million shares reserved for warrants returned to unissued status after expiration, avoiding significant dilution that would have occurred if all warrants were exercised.

  Item 3.02 verify on EDGAR →
• medium

  Company issued only 250,000 Class A shares for $332,500 after two investors exercised amended warrants at $1.33 per share, representing minimal dilution.

  Item 3.02 verify on EDGAR →
• medium

  Board reduced warrant exercise price 69% from $4.25 to $1.33 and extended expiration from May 15 to May 22, 2026, attempting to incentivize exercise before expiration.

  Item 3.02 verify on EDGAR →