Jowell Global Ltd. (JWEL) AI Dilution Summary

Cash was $2,740,834 at the 2025-12-31 balance-sheet date, against estimated monthly burn of $127,537. Dilution here is driven mainly by the active F-3 shelf registration 333-289861. It is registered to $118,900,000, with $118,900,000 remaining, and expires 2028-09-08.