AMTD IDEA GROUP (AMTD) AI Dilution Summary

Cash was $51,100,000 at the last reported balance-sheet date of 2025-12-31. An equity line with GEM Global Yield LLC SCS and GEM Yield Bahamas Limited carries a $50,000,000 total commitment, but the filings reviewed state neither a registered resale share count nor any sale under it, so its drawability is not established. Dilution here is driven primarily by that equity line, which is price-linked.