TRAVELZOO (TZOO) AI Dilution Summary

Estimated cash was $4,067,808 as of 2026-09-28. It was rolled forward from $6,838,000 at the 2026-06-30 balance-sheet date, against estimated monthly burn of $555,000. After that balance-sheet date, on 2026-09-28, the company paid $1,128,000 to buy back 200,000 shares from Global CEO Holger Bartel at $5.64 per share in a privately negotiated transaction.