DeFi Development Corp. (DFDV) AI Dilution Summary

Cash was $4,335,000 at 2026-06-30 against estimated monthly burn of $2,351,333. The active R.F. Lafferty ATM, authorised to $200,000,000, sold 2,751,000 shares after the 2026-06-30 balance-sheet date through 2026-08-13 (sales after 2026-08-13 not yet reported); the most recent raise was an $11,000,000 gross preferred public offering closed 2026-09-08. Dilution here is driven primarily by the RK Capital Management equity line, with $930,500,000 of remaining capacity through 2028-06-11.