Correct me if I am wrong. Acuity Capital have agreed to finance Sayona to an amount $200m through an ATM, and in return they hold 250m SYA shares as collateral. This would virtually value our SP @ 200m/250m = 80c per share
We can exercise this option from now till July 2025 and this ATM agreement carries no FEES or COSTS.
If all the above assumption are true, I can't wait till market open on Monday. Wow, have a great weekend everyone!!! I know I will!!!
Ann: At-The-Market (ATM) Extension and Increase, page-12
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.3¢ | 3.1¢ | $657.2K | 20.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 4663949 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 2145533 | 6 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SYA (ASX) Chart |