I'm guessing the company doesn't think the dilution is going to be a problem, I'm hopeful that something comes to fruition to prove that theory correct.
Then again, we can say "what choice do they have" and that's a fair point however , they chose to dilute more than to just get by for 6 months. I think they will use the cash to advance something sooner as I learned from Marvell's AI day (YouTube ) companies are making decisions now, for programs 15 months away or more. You have to be ready with the solutions pronto!