Tessera Defense & Homeland Security Inc. (HLSQ) AI Dilution Summary

Estimated cash was $173,928 as of 2026-10-12, rolled forward from $572,000 at the 2026-06-30 balance-sheet date against estimated monthly burn of $1,097,333. The company funds itself through an active ATM program with H.C. Wainwright & Co., LLC, which is authorised to $9,145,000 and has $3,708,127 sold to date. Most recently, ATM sales through 2026-10-12 raised $1,985,000 net.