BRFH (BRFH) AI Dilution Summary

Cash was $324,000 at 2026-06-30 against estimated monthly burn of $223,000, and a $400,000 repayment of the New Advances to the former Arps Dairy stockholders was due 2026-10-01. Dilution here is driven primarily by the $7,528,000 10% Series A convertible notes. They convert at a fixed $2.90 into 2,595,862 shares, with down-round protection: if the company sells securities below the conversion price while the notes are outstanding, the conversion price resets to that lower price.