I hope you are right, but I've read it differently.
I've read this event as simply an admin function to facilitate a conversion of MSB shares into MESO ADRs, just for more liquidity on MESO - no money is being exchanged as such...
Someone can correct me (@dplane corporate law?), but I believe that Mesoblast must seek SHs approval if they were to issue anything more than 15% of MC/ EV.
$180m is a bit over 15% so they would not be allowed to do this without SHs approval, but sure they can do the paper works with the SEC to prepare for it
Classic Mesoblast - leave us hanging and open to interpretations & speculations
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- News: MSB Mesoblast Ltd Files For Shelf Of Up To $180 Mln ADS Representing Ordinary Shares
News: MSB Mesoblast Ltd Files For Shelf Of Up To $180 Mln ADS Representing Ordinary Shares, page-77
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