FreeCast Announces 23.7 Million Dollar Private Placement

FreeCast, Inc. (Nasdaq: CAST), a streaming media Platform-as-a-Service (PaaS) provider, has announced the pricing of a private placement transaction aimed at raising approximately 23.7 million dollars. The company has entered into securities purchase agreements with both new institutional and existing long-term investors.

The financing involves the sale of 4,666,667 shares of its Class A common stock and pre-funded warrants to purchase an additional 3,243,807 shares. The pre-funded warrants have an exercise price of 0.0001 dollars per share and become exercisable immediately following shareholder approval. The deal is expected to close on or about July 2, 2026, subject to customary closing conditions.

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