ANAVEX LIFE SCIENCES CORP. (AVXL) AI Dilution Summary

Estimated cash was $118,326,000 as of 2026-06-30, the same as the balance-sheet figure at that date, against estimated monthly burn of $3,032,000. The company funds itself through an active ATM program with TD Securities (USA) LLC (TD Cowen), authorised to $150,000,000. Its most recent capital raised was ATM sales through 2026-06-30: 6,954,147 shares sold since the program began, with sales after 2026-06-30 not yet reported.