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%

  1. Outstandingas of Oct 30, 2026 (10-Q filed Nov 3) · share count on the cover page
    9.4M
  2. Options and RSUs134K options, 253K RSUs10-Q Nov 3, 2026 · equity note
    +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.