FORUM MARKETS Inc (FRMM) AI Dilution Summary

The company held cash of $48,068,000 at 2026-06-30 against estimated monthly burn of $5,482,000, and is funding itself through an active ATM program with Clear Street LLC and Texas Capital Securities authorised to $500,000,000. The most recent capital raised was ATM sales through 2026-08-14: 88,463 shares for $600,000 net. Dilution here is driven primarily by that dollar-denominated ATM capacity.