Rafael Holdings, Inc. (RFL) AI Dilution Summary

Estimated cash was $30,497,000 as of 2026-04-30, unchanged from the $30,497,000 cash at the 2026-04-30 balance-sheet date, against estimated monthly burn of $2,428,000. Dilution here is driven primarily by the active S-3 shelf 333-286622, registered to $25,000,000 with $4,025,894 used to date and expiring 2028-04-29. Its capacity is stated in dollars, so a fixed-dollar takedown issues more shares at a lower share price; the amount raisable under it is not determined from the filings reviewed.