RedCloud Holdings plc (RCT) AI Dilution Summary

Cash was $478,983 at 2025-12-31 against estimated monthly burn of $3,081,950; the equity lines are the channel in use, with drawdowns raising $1,387,272 net from 2,100,107 shares, reported 2026-06-23. Dilution here is driven primarily by the two $15,000,000 equity lines with Tumim and Amiens, ending 2028-03-01, priced at 97% of the lowest VWAP in the 3 days after notice, so each dollar drawn issues more shares as the price falls; no floor is disclosed.