Its up to the underwriter/Elsight to allocate the shortfall at their discretion.
I would imagine that existing shareholders would get priority.
Its also a good opportunity for Elsight to allocate stock to new bigger investors who may add value to the share price.
Ann: RENOUNCEABLE RIGHTS ISSUE TO RAISE UP TO $8.15 MILLION, page-95
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Last
48.0¢ |
Change
0.025(5.49%) |
Mkt cap ! $72.61M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 49.5¢ | 46.0¢ | $40.33K | 84.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50000 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 88773 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ELS (ASX) Chart |