Vulcan Infrastructure & Power Inc. (VIP) AI Dilution Summary

Cash was $3,197,000 at 2026-06-30 against estimated monthly burn of $1,447,000. The most recent capital raised was a private placement that closed 2026-09-10 for $39,320,000 gross ($37,720,000 net), and $33,138,000 of 8.50% Senior Notes due 2026 mature on 2026-10-31. The main source of potential dilution is the $20,000,000 B. Riley Principal Capital II equity line.