BIOT (BIOT) AI Dilution Summary

Dilution here is driven primarily by the proposed Chardan Capital Markets LLC equity line, a $150,000,000 total commitment on term-sheet terms only. Under those terms the issuer may require Chardan to buy ordinary shares at the day's volume-weighted average price less a 4.0% discount (5% in off-market hours), subject to a daily purchase limit and other conditions.