Possibility of Dilution announcement during the Earning Call
Hi folks. How likely do you think it is that management will announce dilution during the upcoming earnings call? I know the company currently has enough cash on hand to cover its 2026 CapEx requirements. However considering that the stock is trading near all-time highs and the broader overheated market may be due for a correction, I believe the is non-zero chance (maybe 15% - 20%) that management could announce the execution of the ATM program (up to 25 million new Class A shares).
Full disclosure - I am long and currently holding 1 168 shares. I do not plan to touch 70% of my position for at least 3+ years. However, I am considering trimming 30% of my shares for a month or so to avoid potential loses if the market correct and/or bad news comes out during the earnings call.