MCRB (MCRB) AI Dilution Summary

Cash was $15,594,000 at 2026-06-30 against estimated monthly burn of $7,464,667, and on 2026-07-01 the company received $12,500,000 net, the first $12.5 million installment of the $25.0 million Milestone Termination Payment from SPN. Its most recent capital raised is a registered direct offering closed 2026-07-31 of 103,520 shares at $4.83 per share, alongside an active ATM with TD Securities (USA) LLC (TD Cowen), authorised to $100,000,000 with $0 sold to date.