Aeva

As of March 31, 2026 Aeva had 99.5 million dollars in cash and marketable securities and later raised 115 million dollars gross in a June 2026 follow‑on offering.

Offsetting this, Aeva issued 100 million dollars of 4.375 percent convertible notes due 2032 in November 2025. TTM operating cash flow is about negative 110 million dollars and TTM FCF near negative 116 million dollars, implying a short intrinsic runway absent continued capital access or sharp operating leverage.

A 125 million dollars standby preferred facility provides an additional backstop through November 2026, but at the cost of potential dilution and preferences. Balance sheet is adequate for the next 12 months under disclosed assumptions, yet far from fortress‑like.