After doing some research into what may triggere the conversion of convertible notes to ordinary shares , the circumstance that makes most sense to myself is “new money/new investor.
Perhaps an equity stake from a large pharma as part of a collaboration deal could make sense.
Just my thoughts
Ann: Application for quotation of securities - IMM, page-17
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Last
35.5¢ |
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Mkt cap ! $515.6M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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| 36.0¢ | 253490 | 7 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| IMM (ASX) Chart |