Phunware, Inc. (PHUN) AI Dilution Summary

PHUN's estimated cash was $92,133,000 as of 2026-06-30, matching cash of $92,133,000 at the 2026-06-30 balance-sheet date, against estimated monthly burn of $1,909,000. Its funding channel is an active ATM program with The Benchmark Company, LLC and StoneX Financial Inc., authorised to $15,300,000, with $0 sold to date. Dilution here is driven primarily by that $15,300,000 ATM program, which is price-linked because its capacity is stated in dollars.