CYPHERPUNK TECHNOLOGIES INC. (CYPH) AI Dilution Summary

CYPH is funding itself through its ATM program with Cantor Fitzgerald & Co., authorised to $200,000,000, with 49,341,292 shares sold since the program began through 2026-06-30; sales after 2026-06-30 are not yet reported. Estimated cash was $6,220,615 as of 2026-08-17, from $7,624,000 at 2026-06-30, against estimated monthly burn of $897,333. Dilution here is driven primarily by that ATM program.