So, both institutional investors are essentially going to hold almost 42% of the company's shares when including their existing holdings from the below.
Plus possibility of a further cap raise which would only add further dilution.
Would we say once this gets close to 1 billion shares, we may see a 10 x 1 consolidation
Date Name Bought Previous % New % 02-12-22 TIGA Trading Pty Ltd 5,800,000 7.99 9.08 02-12-22 Thorney technologies Ltd 5,800,000 7.99 9.08 18-11-22 Perea Capital Partners LP 9,579,658 7.00 8.00 09-11-22 Thorney technologies Ltd 7,250,000 6.63 7.99 09-11-22 TIGA Trading Pty Ltd 7,250,000 6.63 7.99 05-09-22 TIGA Trading Pty Ltd 35,244,232 -- 6.63 05-09-22 Thorney technologies Ltd 35,244,232 -- 6.63
Ann: Splitit signs US$10M Convertible Note Financing, page-56
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