This is incorrect. Yes shares get dilulted, but the company is now ~10% bigger (because of the cash injection).
10% dilution with a 10% discount on the raising .... back of the envelope calculation I believe should mean a 0.1 * 0.1 ≈ 1% drop in SP.
Ann: Strategic Acquisition & Equity Raise - Investor Presentation, page-15
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$2.04 |
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| Open | High | Low | Value | Volume |
| $2.00 | $2.04 | $1.97 | $640.3K | 320.5K |
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| No. | Vol. | Price($) |
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| 2 | 13681 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $2.04 | 908 | 1 |
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| CAT (ASX) Chart |