By my calculations, $55M @ $5.00 equals 11M shares if SPP is fully subscribed, equating to approx. 6.33% dilution.
Not a bad trade-off considering what WBT will be able do with the money. This will really turbocharge R&D, enabling the company to move forward with development of their own discrete selectorless ReRAM chips, among other things.
Onward and upward.
Ann: Weebit Nano to raise A$45 million via underwritten placement, page-13
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Last
$2.27 |
Change
-0.010(0.44%) |
Mkt cap ! $428.5M | |||
| Open | High | Low | Value | Volume |
| $2.29 | $2.29 | $2.25 | $1.276M | 561.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17680 | $2.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 1117 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WBT (ASX) Chart |