Freecast Shares Fall After Private Placement

Dow Jones

07/01

Shares of FreeCast were lower after the technology company agreed to a private placement transaction with investors.

Its stock was down 15% at $5.70 in premarket trading Wednesday.

The company said it has entered into securities purchase agreements with new institutional and existing long-term investors to sell 4.67 million Class A shares and pre-funded warrants to purchase 3.24 million shares in a private placement.

FreeCast expects gross proceeds of about $23.7 million and plans to use net proceeds for working capital and other general corporate purposes.

The closing is expected on Thursday.

Write to Freddy Sebastian at freddy.sebastian@wsj.com

(END) Dow Jones Newswires

July 01, 2026 06:55 ET (10:55 GMT)

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Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4108","symbol_name":"電影和娛樂","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648512224","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648512224","pubTimestamp":1782903300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of FreeCast were lower after the technology company agreed to a private placement transaction with investors.Its stock was down 15% at $5.70 in premarket trading Wednesday.The company said it has entered into securities purchase agreements with new institutional and existing long-term investors to sell 4.67 million Class A shares and pre-funded warrants to purchase 3.24 million shares in a private placement.FreeCast expects gross proceeds of about $23.7 million and plans to use net proceeds for working capital and other general corporate purposes.The closing is expected on Thursday.Write to Freddy Sebastian at freddy.sebastian@wsj.com Dow Jones NewswiresJuly 01, 2026 06:55 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4108":"电影和娱乐","CAST":"FreeCast"},"translate_title":"私募后Freecast股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAST":0.9},"content_text":"Shares of FreeCast were lower after the technology company agreed to a private placement transaction with investors. \n\n\n  Its stock was down 15% at $5.70 in premarket trading Wednesday. \n\n\n  The company said it has entered into securities purchase agreements with new institutional and existing long-term investors to sell 4.67 million Class A shares and pre-funded warrants to purchase 3.24 million shares in a private placement. \n\n\n  FreeCast expects gross proceeds of about $23.7 million and plans to use net proceeds for working capital and other general corporate purposes. \n\n\n  The closing is expected on Thursday. \n\n\n \n\n\n  Write to Freddy Sebastian at freddy.sebastian@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 01, 2026 06:55 ET (10:55 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}