ADAG (ADAG) AI Dilution Summary

Adagene reported cash of $127,909,840 at 2026-06-30 against estimated monthly burn of $2,453,298. It is funding itself through its at-the-market program with Leerink Partners LLC, which is authorised to $100,000,000 and had sold 4,168,615 shares since the program began, through 2026-06-30; sales after 2026-06-30 are not yet reported. Dilution here is driven primarily by that ATM program.