Possible new Transcat shares
TRNSDilution
Known so far: no new shares from the prospectus covers read · shelf not limited by the baby-shelf rule · not yet read: warrants, converts, ATM.
Shelf room
- Room today not capped by the baby-shelf rule ($670M float, Sep 27, 2025)
How this is worked out
Shelf room on the S-3ASR of Sep 4, 2026: not limited by the baby-shelf rule, because the $670M public float stated as of Sep 27, 2025 is $75M or more. Sources: S-3ASR Sep 4, 2026, effective Sep 4, 2026 · public float, as of Sep 27, 2025.
What could become new Transcat (TRNS) shares: options and RSUs, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.
Transcat dilution ladder
Every source of new shares on record, from the filings that created it.
9.4M outstanding; up to 9.8M fully diluted, +4%
- Outstandingas of Oct 30, 2026 (10-Q filed Nov 3) · share count on the cover page9.4M
- +387K
Not stated in the filings we read: an ATM program, warrants, 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
9.4M
Jan 2025 to Oct 2026: from 9.3M to 9.4M.
From the share count on the cover of each 10-Q and 10-K, dated as each cover states.
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