TGHL (TGHL) AI Dilution Summary

Cash was $905,187 at the 2025-12-31 balance-sheet date, against estimated monthly burn of $909,971. Both figures are stated as of that date and do not reflect later cash movements. Dilution here is driven primarily by 10,433,340 exchangeable shares, which the holder can convert into Class A ordinary shares on a share-for-share basis at any time.