This is a shelf refresh with no immediate capital raise — the ATM has been dormant since 2022. Monitor actual ATM usage in future filings; any material draw would signal a need for cash and pressure the stock. Until then, no actionable trading signal.
Price Chart
Executive Summary
JAKKS Pacific filed Amendment No. 1 to its S-3 shelf registration, registering up to $150M in securities, including a $75M ATM program with B. Riley Securities. The filing is a routine administrative update to correct a procedural filing date issue and refresh incorporated documents. No shares have been sold under the prior shelf, and the ATM program has been available since 2022 with zero utilization to date.
Key Financial Metrics
Key Facts
- Registers up to $150M in securities (common, preferred, debt, warrants, rights, units) on a delayed/continuous basis.
- Includes a $75M ATM program with B. Riley Securities (3% commission); $75M remains unsold from the 2022 agreement.
- Net tangible book value as of Dec 31, 2025 was $143.4M ($12.64/share); full ATM draw would dilute new buyers by $7.96/share.
- Proceeds intended for general corporate purposes, including debt repayment, CapEx, and working capital.
- No shares have been sold under the prior S-3 (filed 2022) — the ATM has been available but unused for over 3 years.
Financial Impact
Up to $150M shelf registration; $75M ATM component. Full ATM draw at $22.72/share would add ~3.3M shares (29% dilution from current 11.4M outstanding). Net proceeds estimated at ~$72.7M after 3% commission and expenses.
Risk Factors
- Full ATM utilization would dilute existing shareholders by ~29% at current prices.
- Proceeds may be required for mandatory debt prepayment under BMO loan terms, limiting strategic flexibility.
- No minimum offering amount — actual proceeds are uncertain and at management's discretion.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-3/A Filing (Primary) | 0001185185-26-001627 |
| Document: jakkex-fee.htm | 0001185185-26-001627 |
| Document: jakkex1-1i.htm | 0001185185-26-001627 |
| Document: jakkex23-1.htm | 0001185185-26-001627 |
| Document: 0001185185-26-001627-index-headers.html | 0001185185-26-001627 |
| Document: 0001185185-26-001627-index.html | 0001185185-26-001627 |
| Document: 0001185185-26-001627.txt | 0001185185-26-001627 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $30.52 $32.01 | ▲ +4.88% | ▲ +4.17% | $32.14 (+5.31%) |
Oct 22, 2026 5d ago | Press Release | $30.52 $32.01 | ▲ +4.88% | ▲ +4.17% | $32.14 (+5.31%) |
Oct 1, 2026 25d ago | Press Release | $27.15 | awaiting T+1 | — | $32.14 (+18.38%) |
Jul 24, 2026 13w ago | 8-K | $24.50 $25.92 | ▼ −5.80% | ▼ −5.77% | $32.14 (−31.18%) |
Jul 23, 2026 13w ago | Press Release | $24.50 $25.92 | ▲ +5.80% | ▲ +5.77% | $32.14 (+31.18%) |
Jun 11, 2026 19w ago | Institutional Cluster | $22.35 $22.50 | ▲ +0.67% | ▲ +0.13% | $32.14 (+43.80%) |
May 12, 2026 24w ago | Press Release | $21.89 $21.51 | ▼ −1.74% | ▼ −2.31% | $32.14 (+46.83%) |
May 7, 2026 24w ago | Press Release | $23.28 $23.22 | ▼ −0.26% | ▼ −1.09% | $32.14 (+38.06%) |
May 6, 2026 24w ago | EFFECT | $23.03 $23.28 | ▲ +1.09% | ▲ +1.42% | $32.14 (+39.56%) |
Apr 30, 2026 25w ago | Press Release | $24.06 $23.03 | ▲ +4.28% | ▲ +3.94% | $32.14 (−33.58%) |
US Market Status
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