HOVR (HOVR) AI Dilution Summary

Cash was $78,279,000 at 2026-05-31 against estimated monthly burn of $1,374,333. The company funds itself through an active ATM with JonesTrading Institutional Services LLC, authorised to $50,000,000, which has sold 9,978,300 shares since the program began, through 2026-05-31; sales after 2026-05-31 are not yet reported. Dilution here is driven primarily by that ATM's $50,000,000 of remaining capacity.