Hey @MrGriffin ,
My take on this is that, to protect the current shareholder's interests.
The price cannot be set at a price less than 80% of the 5 day Avg VWAP.
No reason why it could be set at full SP Value on the date of issue, just can't be less than 80% of full value.
Good luck@MrGriffin
General discussion, page-8281
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