This has a pretty clear answer in the SPP; my emphasis added:
10. Oversubscriptions and Scale Back
The Company intends to raise up to a maximum of $30 million under the Offer. Applications received in excess of this amount will be scaled-back. If the Company scales back applications for Shares under the Offer, it will do so on a pro-rata basis to all participants in the Offer based on the number of Shares they have applied for under the Offer. If there is a scale back, you may receive less than the parcel of Shares for which you have applied. If a scale back produces a fractional number of Shares when applied to your parcel, the number of Shares you will be issued will be rounded down to the nearest whole number of Shares. Should a scale back occur, any excess application monies will be refunded to you without interest.
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How will the offer be allocated, page-2
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$1.53 |
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Mkt cap ! $1.478B |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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6 | 34136 | $1.52 |
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Price($) | Vol. | No. |
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5 | 33206 | 1.520 |
4 | 68833 | 1.515 |
5 | 96701 | 1.510 |
5 | 15910 | 1.505 |
34 | 285714 | 1.500 |
Price($) | Vol. | No. |
---|---|---|
1.535 | 6956 | 2 |
1.540 | 72342 | 8 |
1.545 | 4661 | 2 |
1.550 | 44669 | 4 |
1.555 | 65113 | 4 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
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Change
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Last updated 15.59pm 06/06/2024 ? |
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