TH International Ltd (THCH) AI Dilution Summary

Estimated cash was $15,892,000 as of 2026-06-30, matching cash at the 2026-06-30 balance-sheet date. The $100,000,000 Cantor equity line is the stated committed facility, but the filings reviewed show no registered resale share count and no sale under it, so its drawability is not established. Dilution here is driven primarily by that equity line with CF Principal Investments LLC (Cantor).