Stock Dilution TrackerKnow When Your Shares Are Being Diluted
Track warrants, convertible notes, ATM programs, and shelf registrations. The data quants and institutions use to stay ahead of dilution.
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GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and e-commerce properties.
On October 7, 2025, the company distributed warrants (Ticker: GME WS) to Class A Common Stockholders at a ratio of 1:10.
- Potential Dilution: Up to 59,153,963 shares of Common Stock registered for issuance.
- Terms: Exercise price of $32.00 per share; expiration on October 30, 2026.
- Activity: 4,422 warrants were exercised during the three months ended November 1, 2025.
- EPS Impact: 16.9 million warrants were considered anti-dilutive for the recent quarter.
Total Impact: Included 143.6 million dilutive shares in diluted EPS calculations for the three months ended November 1, 2025.
- 2030 Notes: $1,500M aggregate principal (0.00% Senior Notes). Conversion price ~ $29.85. Potential dilution ~ 50.25M shares.
- 2032 Notes: $2,700M aggregate principal (0.00% Senior Notes). Conversion price ~ $28.91. Potential dilution ~ 93.39M shares.
The company has a history of aggressive ATM usage, selling approximately 140.0M shares for gross proceeds of ~ $3.433B in Fiscal 2024.
- A prospectus supplement filed September 10, 2024, offered up to 20,000,000 additional shares.
- Quarterly notes state no ATM sales were reported for the current fiscal year (Fiscal 2025).
Status: Well-Known Seasoned Issuer (WKSI), granting unlimited capacity on a pay-as-you-go basis.
- 333-290695 (Filed Oct 2, 2025): S-3ASR used for the significant warrant distribution.
- 333-279472 (Filed May 17, 2024): S-3ASR actively used for ATM common stock offerings.
Authorized Shares: Approximately 552M authorized but unissued shares remain available for future issuance.
- Stock-Based Compensation: Awards contributed 0.4M dilutive shares to the weighted-average diluted count.
- Recent Grants: New RSU award of 9,561 shares approved for the General Counsel on December 8, 2025.
- Risk Factors: Shelf filings highlight substantial availability of common stock for future sale as a key risk factor.
Complete Dilution Intelligence
Every data point you need to assess dilution risk, all in one place.
Warrant Tracking
Monitor outstanding warrants with exercise prices, expiration dates, and real-time dilution calculations.
Real-time Alerts
Get notified instantly when new SEC filings reveal dilution events.
Convertible Notes
Track conversion prices, principal amounts, and potential share impact from convertible debt.
Risk Metrics Dashboard
Proprietary scoring for overall risk, offering ability, cash runway, and float vulnerability.
ATM Programs
Monitor at-the-market offerings and historical share sale activity patterns.
Shelf Registrations
Track S-3 filings, WKSI status, and authorized but unissued share capacity.
SEC Filing Analysis
Automated parsing of 10-K, 10-Q, 8-K, and S-3 filings for dilution data.
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Frequently Asked Questions
Everything you need to know about the product and how it works.
What types of dilution do you track?
We track warrants, convertible notes, ATM (at-the-market) programs, shelf registrations (S-3, S-3ASR), PIPEs, stock-based compensation, and other dilutive instruments. Our system parses SEC filings automatically to extract and calculate potential share impact.
How is the data sourced and how often is it updated?
Data is sourced directly from SEC EDGAR filings and parsed using proprietary NLP models. Pro users get real-time updates within minutes of filing publication.
How do you calculate the risk metrics?
Our risk scores are based on multiple factors: authorized vs outstanding shares, cash runway, historical dilution patterns, active shelf capacity, and current warrant/convertible overhang. Each metric is weighted and normalized to produce actionable risk ratings.
Can I integrate this data into my existing workflow?
Yes. Pro plans include API access with 1,000 calls/day and CSV/Excel exports. Enterprise customers get unlimited API access, bulk data feeds, and pre-built integrations with Bloomberg Terminal and FactSet.
Do you cover international securities?
Currently we focus exclusively on U.S. equities with SEC filings, which covers all NYSE, NASDAQ, and OTC-listed securities. Canadian (SEDAR) and UK (FCA) coverage is planned for Q3 2025.
What's your historical data coverage?
Our database includes dilution events going back to 2015 for most securities. This allows you to analyze historical patterns and compare current dilution risk against a company's track record.
How do I get started with Pro?
Choose Pro on the pricing section to unlock full access to alerts, analysis history, dashboards, and exports. Enterprise plans are available upon request for teams needing seats, bulk access, or custom integrations.
How do I cancel my subscription?
You can cancel anytime from your account settings. There are no cancellation fees or long-term contracts. Your access continues until the end of your billing period.
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