Possible new CMTG shares
CMTGDilution
Known so far: no new shares from the prospectus covers read · shelf not limited by the baby-shelf rule · not yet read: converts, ATM.
Shelf room
- Room today not capped by the baby-shelf rule ($289M float, Jun 30, 2025)
How this is worked out
Shelf room on the S-3 of Mar 31, 2026: not limited by the baby-shelf rule, because the $289M public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3 Mar 31, 2026, effective Apr 9, 2026 · public float, as of Jun 30, 2025.
What could become new Claros Mortgage Trust (CMTG) shares: warrants and options and RSUs, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.
CMTG dilution ladder
Every source of new shares on record, from the filings that created it.
141.1M outstanding; up to 151.5M fully diluted, +7%
- Outstandingas of Nov 2, 2026 (10-Q filed Nov 3) · share count on the cover page141.1M
- +7.5M
- +2.9M
Not stated in the filings we read: an ATM program, convertible notes.
Counts, sizes and prices as stated in each filing; the fully diluted count is arithmetic on them. Dollars become shares only at a price a filing states. Not advice.
Financing terms to know
None found in filings since Nov 3, 2026.
Each term is quoted from the exhibit it comes from; numbers are as stated in the filing. A flag describes a financing term. It is not investment advice.
Shares outstanding
141M
Feb 2025 to Nov 2026: from 139M to 141M.
From the share count on the cover of each 10-Q and 10-K, dated as each cover states.
Follow CMTG
New shelves, offerings, 10-Qs and 10-Ks from CMTG, explained in plain English when they reach EDGAR.
Watch CMTG in the app