XCel Brands, Inc. (XELB) AI Dilution Summary

Cash was $399,000 at 2026-06-30 against estimated monthly burn of $455,333. The most recent capital raised was a $2,600,000 gross note private placement closed 2026-04-13, before that date; the equity line then added $40,000 net on 2026-07-31. Dilution is driven primarily by the White Lion Capital, LLC equity line, with $14,290,000 of remaining capacity on a $15,000,000 commitment.