It's scrip, not script.
The US$400m equity value is pure fantasy with an understanding of how these SPAC transactions work - redemption rate would be astronomical given the proposed premium at which point it just becomes an effective redomiciliation.
I am amazed this is still up 20% on the back of this "deal".
Ann: Updated Announcement - Non-Binding Proposal, page-49
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Last
29.0¢ |
Change
0.005(1.75%) |
Mkt cap ! $143.3M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 28.0¢ | $67.63K | 235.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13574 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 70298 | 3 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| ARR (ASX) Chart |