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DilutionScan
SARATOGA INVESTMENT CORP. logo
SAR$13.42-1.58%

Saratoga Investment Corp.

Industry: Asset ManagementCountry: USExchange: NYSE

Mkt Cap$208.73M
Float & O/S
Inst Own

DilutionScan read 18 of SARATOGA INVESTMENT CORP.'s SEC filings and found 2 ATM programs, 1 shelf registration and 5 completed offerings on file for SAR. The latest dilution event on file is an offering on Sep 24, 2026. Analysis updated Nov 2, 2026.

Signal8 Summary

Raise routes on file: active ATM + effective shelf · latest dilution event 40 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Sep 24, 2026 · Offering

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

ATM · 2

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2021

Active

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

ATM program

Issued 2017

Terminated

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

Shelf · 1

What is this?

Capacity, dates and baby-shelf status with Pro

N-2 shelf registration

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 5

What is this?

Proceeds, price, shares and agent with Pro

Public offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Public offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Public offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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