Cheer Holding, Inc. (CHR) AI Dilution Summary

Cash was $213,764,000 at 2026-06-30 against estimated monthly burn of $5,032,333. Dilution here is driven primarily by F-3 shelf registration 333-279221, which is stated in dollars: registered to $200,000,000, used $14,836,500 to date, with $185,163,500 remaining, expiring 2027-09-12. Because the capacity is a fixed dollar amount, the number of shares it can issue grows as the share price falls, and the shelf is I.B.6-constrained.