Destiny Tech100 Details $244M ATM Share Sales at $28.76 Average Price
Summary
Destiny Tech100 Inc. disclosed the specifics of its Q1 2026 ATM offering, detailing the sale of 8.49 million shares for $244.1 million at an average price of $28.76, which was above its Net Asset Value.
Key Events
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Q1 2026 ATM Sales Detailed
The company sold 8,489,359 shares of common stock through its at-the-market (ATM) offering from January 1 to March 31, 2026.
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$244.1 Million in Net Proceeds
These sales generated approximately $244.1 million in net proceeds, after deducting commissions and fees.
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Weighted Average Price of $28.76
The shares were sold at a weighted average price of $28.76 per share, which was above the Net Asset Value of $24.56 per share as of March 31, 2026.
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Updated Net Asset Value
The Net Asset Value (NAV) per share was determined to be $24.56 as of March 31, 2026.
Analysis
This filing provides specific details on the shares sold and proceeds received from Destiny Tech100's at-the-market (ATM) offering during the first quarter of 2026. The company raised $244.1 million by selling 8.49 million shares at a weighted average price of $28.76 per share. This capital raise, while dilutive, significantly boosts the company's liquidity for its private tech investments. The average sale price was above the Net Asset Value of $24.56 per share as of March 31, 2026.
At the time of this filing, DXYZ was trading at $63.13 on NYSE in the Unknown sector, with a market capitalization of approximately $1B. The 52-week trading range was $19.71 to $71.24. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.