Hongli Group Inc. (HLP) AI Dilution Summary

Cash was $1,811,149 at the 2025-12-31 balance-sheet date. The most recent capital raised was a private placement that closed 2026-04-24, after that balance-sheet date: 1,300,000 unregistered shares were issued at $0.2500 per share for $325,000 gross. The main source of potential dilution is the F-3 shelf registration 333-289457.