Aqua Metals, Inc. (AQMS) AI Dilution Summary

Cash was $4,744,000 at 2026-06-30 against estimated monthly burn of $876,667. The funding channel in use is an active ATM program with The Benchmark Company, LLC, authorised to $50,000,000; Benchmark has since assigned it to its affiliate StoneX Financial Inc. The main source of potential dilution is that ATM's $48,050,000 of remaining capacity.