FTEK (FTEK) AI Dilution Summary

Cash was $19,611,000 at the 2026-06-30 balance-sheet date, against estimated monthly burn of $298,000. The main source of potential dilution is the February 2021 private placement investor warrants: 2,500,000 shares underlying at a fixed $5.10 exercise price. The contract sets the share count, so it does not change with the market price.