at what level can we expect the cap raise?, page-131

Re capital raising, the article had this to say:

"Forge, advised by Goldman Sachs, first considered raising equity from existing shareholders but it became untenable given the severe destruction in the company’s equity value."

"The deal is enough to see Forge continue as a going concern but it is still in need of a new equity backer.

"Sources said KordaMentha was likely to bring a number of new potential equity investors to the scene, including distressed debt and special situations funds. There seems next to no chance of a straight-forward rights issue or equity raising given the sudden change in Forge’s fortunes.
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Maybe they'll do some kind of BBG/DML recapitalisation? Convertible notes or some such thing?