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8-K ·Filed Apr 15, 2026

CAST

FreeCast, Inc.
BEARISH
Impact 6/10
Horizondays Processed6mo ago SEC0001213900-26-043901
Killer combo: Material agreement + unregistered equity (likely PIPE/convertible)
Actionable Insight ▼ Bearish

Extremely short exercise window (May 15 expiry) suggests urgency to raise cash. The replacement of expired warrants indicates persistent capital needs. Investors should watch for low exercise rates given the cash-only requirement and short timeframe.

DirectionBearish
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
CAST ▼ -27.78% at T+60d
SHORT call ✓ call won +27.78% · α vs SPY +35.91% · entry $3.96 → $2.86
Entry = T+0 close
Apr 15, 2026
via day close
T+1d
-3.03%
call +3.03% · α +3.28%
$3.84
settled 7mo ago
T+5d
-40.66%
call +40.66% · α +42.30%
$2.35
settled 6mo ago
T+20d
-62.88%
call +62.88% · α +68.92%
$1.47
settled 6mo ago
T+60d
-27.78%
call +27.78% · α +35.91%
$2.86
settled 4mo ago

Price Chart

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Executive Summary

FreeCast, Inc. issued 6.74 million warrants to 137 accredited investors to purchase shares at $4.25 per share, replacing expired warrants from the same holders. The warrants expire on May 15, 2026, and can only be exercised with cash.

Key Financial Metrics

Offering Size
$28.7M

Key Facts

  • FreeCast issued 6,743,587 warrants to 137 accredited investors
  • Exercise price is $4.25 per share, equal to the closing price on April 1, 2026
  • Warrants expire on May 15, 2026, less than five weeks after issuance
  • No cashless exercise allowed; must be paid with cash
  • Warrants replace identical number that expired on December 31, 2025

Financial Impact

If fully exercised, would raise $28.7 million at $4.25 per share

dilutioncash

Risk Factors

  • Low exercise rate due to cash-only requirement and short expiry
  • Dilution if warrants are exercised
  • Signal of ongoing capital structure stress given replacement of expired warrants

Market Snapshot

Exchange
Nasdaq
Sector
Services-Computer Processing & Data Preparation

Investment Themes

Software & IT

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001213900-26-043901
Document: ea0286466-8k_freecast.htm0001213900-26-043901
Document: 0001213900-26-043901-index-headers.html0001213900-26-043901
Document: 0001213900-26-043901-index.html0001213900-26-043901
Document: 0001213900-26-043901.txt0001213900-26-043901
11 reports for CAST
Performance horizon
100% Hit rate @ T+20 6 of 6 directional calls Went positive at some point 6 of 6 best @ T+20▲ +832.93%May 28, 2026
Filters
Rows
Reports for CAST — sortable, filterable
TypeNow
Jul 29, 2026
12w ago
3
NEUTRAL ★ 2/10
$1.20 $1.51▲ +25.83%▲ +20.81%$1.17 (−2.50%)
Jul 23, 2026
13w ago
8-K
NEUTRAL ★ 2/10
$2.08 $1.87▼ −10.10%▼ −13.40%$1.17 (−43.75%)
Jul 20, 2026
14w ago
S-1/A
BEARISH ★ 6/10
$2.55 $0.8598▲ +66.28%▲ +70.40%$1.17 (+54.12%)
Jul 15, 2026
14w ago
S-1
BEARISH ★ 7/10
$2.52 $0.9950▲ +60.52%▲ +64.13%$1.17 (+53.57%)
May 28, 2026
21w ago
8-K
BULLISH ★ 6/10
$0.8200 $7.65▲ +832.93%▲ +836.07%$1.17 (+42.68%)
May 7, 2026
24w ago
EFFECT
BEARISH ★ 7/10
$1.77 $0.7400▲ +58.19%▲ +61.33%$1.17 (+33.90%)
Apr 17, 2026
27w ago
S-1
BEARISH ★ 6/10
$3.10 $1.41▲ +54.52%▲ +58.72%$1.17 (+62.26%)
Apr 15, 2026
27w ago
8-K
BEARISH ★ 6/10
$3.96 $1.47▲ +62.88%▲ +68.92%$1.17 (+70.45%)
Apr 1, 2026
29w ago
10-Q/A
BEARISH ★ 5/10
$4.50 $2.09▲ +53.56%▲ +63.43%$1.17 (+74.00%)
Mar 5, 2026
33w ago
8-K
BEARISH ★ 7/10
—awaiting T+20——
Showing 10 of 11

US Market Status

Market Closed — Opens Thu (11h 26m)

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Report published Apr 15, 2026