FreeCast, Inc. (CAST) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 28, 2026

Risk Assessment Details

Potential Dilution: 95.87% of current shares
Recent Dilution: 10.27% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
34M
Potential Supply
32M
Additional shares possible
Splits
None
Past 2 years

Summary

CAST currently has 33.9M outstanding shares. with significant dilution risk as 32.5M authorized shares could dilute existing holders by 95.9%. The company has diluted shareholders by 10.27% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 28, 2026

8-K filing: FreeCast, Inc. issued 250,000 shares of Class A common stock following the exercise of warrants by two accredited investors for total proceeds of $332,500. ($0.33M proceeds)

34M 32M
Apr 17, 2026

S-1 filing: FreeCast, Inc. files an S-1 registration statement to register the resale of up to 5,750,000 shares of Class A common stock by the selling shareholder, Amiens Technology Investments LLC, acquired through an equity purchase agreement.

34M 32M
Apr 15, 2026

8-K filing: FreeCast, Inc. approved the issuance of 137 warrants to accredited investors to purchase an aggregate of 6,743,587 shares of Class A common stock with an exercise price of $4.25 per share, exercisable immediately and expiring on May 15, 2026.

41M 27M
Jan 23, 2026

S-1/A filing: This S-1/A filing registers the resale of up to 19,782,084 shares of Class A common stock by existing shareholders in connection with a direct listing on the Nasdaq Global Market.

41M 27M
Dec 31, 2025

S-1/A filing: This S-1/A filing registers the resale of Class A common stock by existing shareholders in connection with a direct listing on the Nasdaq Capital Market.

41M 20M
Dec 09, 2025

S-1/A filing: This S-1/A filing relates to an offering of Class A common stock by selling shareholders, not an initial public offering. It details the company's business, financial data, risk factors, and plans for a direct listing on Nasdaq.

41M 19M
Mar 07, 2025

S-1/A filing: This S-1/A filing relates to the registration of the resale of up to 18,074,807 shares of Class A common stock by shareholders in connection with a direct listing on the Nasdaq Capital Market.

37M 19M
Jan 14, 2025

S-1/A filing: This S-1/A filing relates to the registration of the resale of up to 18,006,057 shares of Class A common stock by shareholders in connection with a direct listing on the Nasdaq Capital Market.

37M 19M
Nov 01, 2024

S-1/A filing: This S-1/A filing relates to the registration of the resale of up to 17,518,270 shares of Class A common stock by shareholders in connection with a direct listing on the Nasdaq Capital Market.

37M 18M
Jul 24, 2024

S-1/A filing: This S-1/A filing relates to the registration of the resale of up to 14,846,977 shares of Class A common stock and conversion of convertible promissory note.

37M 15M
Feb 12, 2024

S-1/A filing: This S-1/A filing registers the resale of up to 11,353,659 shares of common stock by existing shareholders and details a prior convertible note offering and warrant issuance.

37M 12M
Jan 05, 2024

S-1/A filing: This prospectus relates to the registration of the resale of up to 9,082,927 shares of our common stock by our shareholders.

37M 9.6M
Nov 07, 2022

S-1/A filing: This is an initial public offering of common stock. We are selling shares of common stock.

37M 0
Apr 04, 2022

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock, with an application to list on the Nasdaq Capital Market under the symbol "CAST."

36M 0
Jan 31, 2022

S-1/A filing: Initial public offering of common stock with an application to list on the Nasdaq Capital Market under the symbol "CAST."

36M 0
Nov 01, 2021

S-1/A filing: The filing is an S-1/A for an initial public offering of common stock, with no current public market. The company anticipates listing on the Nasdaq Capital Market under the symbol 'CAST'.

35M 0
Jun 08, 2020

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock. The company anticipates the initial public offering price will be between a specified range per share. They are selling a certain number of shares of common stock and have applied to list their common stock on the Nasdaq Capital Market under the symbol "FCST."

N/A 0
Apr 30, 2020

S-1/A filing: This is an S-1/A filing for an initial public offering of common stock. The company anticipates listing on the Nasdaq Capital Market under the symbol "FCST."

N/A 0
Apr 10, 2020

S-1/A filing: This is an S-1/A filing for the registration of common stock and representative's warrants, with Alexander Capital, L.P. as the underwriter. The company intends to use the net proceeds from this offering for working capital and other general corporate purposes.

N/A 0
Feb 18, 2020

S-1 filing: This S-1 filing includes information on a proposed offering, exhibits related to various agreements, and details regarding recent sales of unregistered securities.

N/A 0
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