Yeah I'm not too sure with the remaining. Reading the last quarterly they talk about using Tranch 1 but having Tranch 2 still available to draw upon as extra cash, noted by $2.6m usd as unused finance, on top of all current cash (I did not list this figure as it has not been drawn up and is effectively a liability in relation to what I assume would be interest payments like a loan).
LDX are planning on paying back convertible notes i.e. buyback of convertible notes is between $1.25m & $1.87m from CR announcement. The difference in pricing relates to being able to convert 1/3 of amount owing to ordinary shares. I'm not sure of all the other details around the convertible notes but I like how LDX are looking at squaring their debt, with many quarters of cashflow in the bank.
Perhaps someone else can explain this better.
Ann: Capital Raise Result and Issue of Early Redemption Notices, page-16
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