GeoVax Labs, Inc. (GOVX) AI Dilution Summary

Estimated cash was $4,218,334 as of 2026-08-25, rolled forward from $3,143,422 at 2026-06-30 against estimated monthly burn of $1,199,304. The most recent raise was a warrant exercise inducement that closed 2026-08-26: 5,697,628 shares at $0.6400 for $3,646,482 gross. Dilution here is driven primarily by the A.G.P./Alliance Global Partners ATM, authorised to $30,000,000 with $20,730,440 remaining.