AGPU Axe Compute Inc.
Price Chart
Executive Summary
Axe Compute Inc. (AGPU) filed a 424B5 prospectus supplement to increase its ATM offering capacity from prior amounts to an aggregate of up to $100 million of common stock through H.C. Wainwright. The company's public float exceeded $75 million, removing prior sales limitations. As of May 14, 2026, the company held approximately 6.209 billion Aethir tokens (ATH) valued at ~$42.1 million. The stock closed at $5.60 on May 14, 2026, and the filing signals ongoing dilution risk.
Actionable Insight
The massive increase in ATM capacity ($100M vs ~$31M market cap) signals aggressive capital raising, likely to fund Aethir token operations or general corporate needs. Expect continued dilution pressure. Monitor ATM sales pace via subsequent 8-K filings and ATH token price volatility, which directly impacts the company's asset base.
Key Facts
- ATM offering increased to up to $100 million aggregate of common stock, including shares previously sold.
- Since entering the Sales Agreement, 1,334,907 shares sold for ~$17.0 million.
- Public float ~$90.0 million based on 10,282,258 non-affiliate shares at $8.75 (April 22, 2026 high).
- Company holds ~6.209 billion Aethir tokens (ATH) valued at ~$42.1 million at $0.0068/ATH.
- Stock price $5.60 on May 14, 2026, down from the $8.75 reference price used for float calculation.
- Cross-filing context includes an S-3/A shelf registration from November 2025 for resale of up to 5,970,181 shares by selling stockholders.
Financial Impact
Up to $100 million in potential dilution from ATM sales; $17 million already raised via 1.33 million shares. Aethir token holdings valued at ~$42.1 million provide a non-cash asset buffer.
Risk Factors
- Massive dilution: up to $100M ATM capacity dwarfs the $31M market cap, potentially doubling or tripling share count.
- Aethir token (ATH) price volatility: $42.1M holding at $0.0068/ATH is subject to crypto market swings, creating balance sheet risk.
- Stock price decline from $8.75 reference to $5.60 suggests selling pressure may already be underway.
- Cross-filing S-3/A adds up to 5.97M additional shares for resale by selling stockholders, compounding dilution.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001171843-26-003488 |
| Document: 0001171843-26-003488-index-headers.html | 0001171843-26-003488 |
| Document: 0001171843-26-003488-index.html | 0001171843-26-003488 |
| Document: 0001171843-26-003488.txt | 0001171843-26-003488 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 9, 2026
today
|
S-3
| $6.92 awaiting T+5 | awaiting T+5 | — | $7.32 (−5.86%) |
|
May 27, 2026
13d ago
|
Press Release
| $6.53 $8.76 | ▲ +34.15% | ▲ +32.94% | $7.32 (+12.10%) |
|
May 15, 2026
25d ago
|
Press Release
| $4.68 $6.92 | ▲ +47.86% | ▲ +46.24% | $7.32 (+56.41%) |
|
May 15, 2026
25d ago
|
8-K
| $4.68 $6.92 | ▼ −47.86% | ▼ −46.24% | $7.32 (−56.41%) |
|
May 15, 2026
25d ago
|
424B5
| $4.68 $6.92 | ▼ −47.86% | ▼ −46.24% | $7.32 (−56.41%) |
|
May 11, 2026
29d ago
|
Press Release
| $6.66 $4.68 | ▲ +29.73% | ▲ +29.64% | $7.32 (−9.91%) |
|
Apr 22, 2026
6w ago
|
8-K
| $8.75 $5.90 | ▼ −32.57% | ▼ −32.63% | $7.32 (−16.34%) |
|
Apr 16, 2026
7w ago
|
8-K
| $3.52 $6.64 | ▲ +88.64% | ▲ +88.08% | $7.32 (+107.95%) |
|
Mar 31, 2026
10w ago
|
8-K
| $3.56 $4.84 | ▲ +35.96% | ▲ +32.19% | $7.32 (+105.62%) |
|
Mar 27, 2026
10w ago
|
Press Release
| $1.55 $4.25 | ▲ +174.19% | ▲ +170.33% | $7.32 (+372.26%) |
US Market Status
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