Ann: Imugene Receives A$20 million for Convertible Notes Issuance, page-131

  1. 4,723 Posts.
    lightbulb Created with Sketch. 4776
    Holders are in deep strife here.

    The deal with Susquehanna was struck on 23-Dec-24. The conversion price will be amended on 23-Jun-25 to 90% of the closing price on this day.

    https://hotcopper.com.au/data/attachments/6780/6780875-9c03155dd6a02d637ca190e493872d5e.jpg

    This new conversion price going to materialise during peak tax-loss selling season. Susquehanna will never pay more for their shares than 90% of the share price on this date.

    At today's price, they'll only 'pay' 3.15c for the shares.

    https://hotcopper.com.au/data/attachments/6780/6780883-196b955241312b9e6474ec9946a20656.jpg
 
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