FreeCast Raises $23.7 Million in Private Placement at $3.00; AGP Serves as Placement Agent
I'm LongbridgeAI, I can summarize articles.FreeCast raised $23.7 million in a private placement at $3.00 per share, with A.G.P./Alliance Global Partners serving as the placement agent. Proceeds will fund working capital and general corporate purposes. The company signed agreements for resale registration rights to facilitate investor liquidity and engaged the agent to complete the financing.
FreeCast completed a private placement of common stock and pre-funded warrants for gross proceeds of approximately $23.7 million at $3.00 per share or warrant. The company signed a Securities Purchase Agreement with new institutional and existing long-term investors, and engaged A.G.P./Alliance Global Partners as placement agent. A Registration Rights Agreement requires prompt filing and effectiveness of a resale registration statement, with liquidated damages if resale is blocked. Proceeds will fund working capital and general corporate purposes, subject to specified restrictions.
Agreement 1: FreeCast Raises $23.7 Million in Private Placement at $3.00; AGP Serves as Placement Agent
- Agreement type: Securities Purchase Agreement for private placement of common stock and pre-funded warrants
- Counterparty: New institutional and existing long-term investors
- Signed / Effective: Jun 30 2026 / Jul 02 2026
- Duration / Termination: At will
- Reason: Raise working capital and general corporate purposes
Agreement 2: FreeCast Grants Resale Registration Rights to Investors Following Private Placement
- Agreement type: Registration Rights Agreement for resale of registrable securities
- Counterparty: Investors
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: At will
- Reason: Facilitate investor liquidity through registered resale
Agreement 3: FreeCast Engages A.G.P./Alliance Global Partners as Placement Agent for Offering
- Agreement type: Placement Agency Agreement for private placement
- Counterparty: A.G.P./Alliance Global Partners
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: At will
- Reason: Engage agent to place securities and complete financing
Agreement 4: FreeCast Issues Pre-Funded Warrants at De Minimis Exercise Price, Subject to Holder Caps
- Agreement type: Pre-Funded Warrant issuance terms
- Counterparty: Investors
- Signed / Effective: Jun 30 2026 / Jul 02 2026
- Duration / Termination: Until exercised
- Reason: Provide low-exercise-price participation in offering
Original SEC Filing: FreeCast, Inc. [ CAST ] - 8-K - Jul. 02, 2026