don't believe the hype, page-9

I agree Maigret1, a CR is not a tragedy.

But possibly the CR you referred to as "at a lower price only to sophisticated investors" would be actually be a placement.

ASX rules as follows:

The framework allows small and mid-cap companies to:
Issue up to 15% of their issued capital without shareholder approval (Listing Rule 7.1)
Issue an additional 10% of their issued capital (at a maximum 25% discount to the market price) within 12 months of shareholder approval (Listing Rule 7.1A)