Abundia Global Impact

Q1 2026 cash was $16.2 million after a $20 million February 2026 raise; operating cash burn persists (Q1 operating cash outflow was about $3.76 million) and the 2025 10‑K and Q1 2026 10‑Q include going‑concern warnings.

The balance sheet includes convertible/notes that the company plans to refinance or retire; on August 17, 2026 it announced a $10 million facility from its largest shareholder, to repay a convertible note and extend liquidity.

Net leverage is moderate in absolute terms but unsupported by positive free cash flow, so the company remains capital markets dependent until FID and stable plant economics are achieved.