Ann: Entitlement Offer - Shortfall Notification, page-6

Ok, so they raised $4.9 million.
The strategy called for $6.25.
$1.3 million short.
This could have been a lot worse....Imagine if the announcement was that Redflow only raised $2 million or $1 million.
It is 2020. Nothing in the world is going according to plan.
While the $4.9 million not as much as hoped for, I would suggest this isn't the end of Redflow.
I am confident that with some creative thinking they will have enough that the development of Gen3 will continue and that development be completed with a great battery for 2021 and beyond.