Elauwit Connection, Inc. (ELWT) AI Dilution Summary

Cash was $1,180,000 at 2026-06-30 against estimated monthly burn of $890,000, the anchor figures from the last reported balance sheet. None of the stated instruments is price-linked, so each share count was fixed by contract when it was issued and does not change with the market. The largest family is equity-plan awards outstanding.