Lianhe Sowell International Group Ltd (LHSW) AI Dilution Summary

Cash was $1,885,367 at the 2026-03-31 balance-sheet date, against estimated monthly burn of $747,200. The most recent capital raised was a registered public offering that closed 2026-09-03, placed by R. F. Lafferty & Co., Inc.: 7,638,889 units sold at $1.44 for gross proceeds of $11,000,000.16, or $9,221,087 net. Dilution here is driven primarily by the September 2026 Unit Warrants issued in that offering.