ELUTIA INC. (ELUT) AI Dilution Summary

Cash was $19,896,000 at 2026-06-30 against estimated monthly burn of $2,717,000; the funding channel is an active ATM with Cantor Fitzgerald & Co. authorised to $50,000,000. Capital raised after the balance-sheet date was $17,700,000 net as filed (2026-08-11 $10,000,000; 2026-08-17 $7,700,000). Dilution is driven primarily by the Avenue Term Loans conversion feature, $10,000,000 outstanding at a variable $1.03 conversion price, 2,422,481 shares issuable, maturing 2030-03-01.