NIU (NIU) AI Dilution Summary

Cash at the last reported balance-sheet date (2026-06-30) was $163,695,100. That balance-sheet figure is the funding position the stated dilution facts describe. Dilution here is driven primarily by equity-plan awards outstanding, which make up all 11,308,496 potential new shares, equal to 7.2% of the 156,872,176 shares outstanding.