S-1 · resale registration
Issued 2026
Proposed maximum
Shares registered
- Filed
- Effective
XLAB$2.13+4.17%
Exascale Labs Holdings Inc.
Sector: Services-Prepackaged SoftwareIndustry: Software - InfrastructureCountry: USExchange: Nasdaq
Mkt Cap:$136.71M
Float & O/S:
Inst Own:
DilutionScan read 25 of Exascale Labs Holdings Inc.'s SEC filings and found 2 warrant series, 1 convertible and 1 S-1 registration on file for XLAB. The latest dilution event on file is a registration statement on Oct 30, 2026. Analysis updated Oct 30, 2026.
Signal8 Summary
XLAB
Fast-growing but deeply unprofitable, dilution-heavy micro-cap
- Business
- WeakLoss $12.2M vs $14.8M revenue, 16.3% gross margin
- Stock risk
- HighFresh SPAC, 133.8% potential dilution, $87.5M micro-cap
Snapshot
Exascale Labs is a newly public AI-infrastructure company that just completed a SPAC merger and began Nasdaq trading in August 2026. FY2026 revenue grew 111% to $14.8M, a genuine growth signal, but the net loss widened to $12.2M, close to the entire revenue base, and gross margin is thin at 16.3%.
What's Happening Right Now
- : On Sep 28, 2026, Exascale reported FY2026 revenue of $14.8M (up 111% YoY), but net loss widened to $12.2M from $7.7M, with gross margin only 16.3% and pre-deal cash of $2.7M plus ~$11.8M in merger proceeds.
- : Exascale named its post-closing board on Sep 22, 2026, including Nobel laureate David Card as Lead Independent Director, a governance move with no direct financial impact.
- : Exascale signed a non-binding LOI with Compal Electronics on Sep 14, 2026 to jointly develop an 800 VDC GPU validation platform, with commercial terms still to be finalized.
- : Exascale and EnergyBank signed a non-binding MOU on Aug 31, 2026 to pair offshore wind power with Exascale's AI compute infrastructure, targeting up to 10MW of compute per turbine.
- : Exascale Labs completed its business combination with D. Boral ARC Acquisition I Corp. on Aug 27, 2026, beginning Nasdaq trading as XLAB.
- : Closed an offering. Proceeds are not disclosed in the filings reviewed.
- : Issued warrants over 14.10M shares across 2 series.
- : Registered additional securities for sale on Form S-1.
Raise routes on file: pending S-1 · latest dilution event 4 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
Oct 30, 2026 · Registration
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
Filed
Warrant
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
Know who's about to sell into your XLAB trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
