Be more than happy is it's to pay out the conv notes ahead of the IPO work.
They've stated in all the acquisitions and contract extensions (apart from the UBI 900 ATM's) that they can be done through existing cash resources, so unless there's another acquisition in the pipelines, as has been suggested on here, then the conv notes is the next logical reason to raise.
Work needed to progress the IPO won't be cheap, so that's another possibility (for the raise) to fast track that project.
And at 50M SOI, a raise here won't hurt our future prospects.
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Last
$3.83 |
Change
0.010(0.26%) |
Mkt cap ! $236.6M | |||
| Open | High | Low | Value | Volume |
| $3.83 | $3.86 | $3.58 | $1.047M | 283.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1109 | $3.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 6250 | 1 |
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| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| FND (ASX) Chart |