SHENGFENG DEVELOPMENT Ltd (SFWL) AI Dilution Summary

SFWL is funding itself from its cash balance: estimated cash was $8,633,596 as of 2026-09-16, an estimate rolled forward from cash of $16,895,000 at the 2026-06-30 balance-sheet date, against estimated monthly burn of $2,076,667. A dated outflow follows the balance-sheet date: a $2,936,000 letter of credit issued by Industrial Bank Fuzhou Branch, carried as notes payable and due 2026-09-16, treated as a cash settlement on that date.