I think those plans were for the last CR and the idea was they would raise launch money afterwards. It’s not entirely clear to me but after reading stocklogs posts it looks like SAS have toned their ambitions to make space achievable from this raise, no further money required. This CR is a new game.
perhaps they had enough bite on the last CR to get this done but the prospectus was wrong - too ambitious. So they’ve turned it down a bit and made it a give money or go proposition.
i don’t rate the the chances as good but I definitely rate them better than zero.
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