Epsium Enterprise Ltd (EPSM) AI Dilution Summary

Dilution here is driven by 10,774,000 Class B ordinary shares that are exchangeable into Class A ordinary shares on a one-for-one basis at the holder's option, with no additional payment. The conversion ratio is fixed in the company's articles, so the number of shares issuable does not change with the share price. The Class B shares are held by the chief executive officer and chairman.