BMPA (BMPA) AI Dilution Summary

Cash at the last reported balance-sheet date (2026-06-30) was $0, the anchor figure disclosed for this capital structure. Dilution here is driven primarily by the Class A Preferred Stock (Series A Preferred), with 5,003,774 preferred shares outstanding converting at 50 common shares per preferred share, or 250,188,700 shares issuable at stated terms. The ratio is fixed by contract at issuance, so that issuable count is not linked to the market price.