Ann: SPP to Close Early, page-67

@WaveSlaveDave

To try and answer your question with Weebits SPP WBT announced in March 2023 as a guide





================detail of 24/4/2023 announcement as a guide =========================================================
Weebit Nano announced the Company has raised $15m via an upsized and scaled-back share purchase plan (SPP) to shareholders. The SPP, which closed on 19 April 2023, enabled eligible shareholders to apply for up to $30,000 worth of new FPO shares in the Company (New Shares) at $5.00 per New Share. It followed the completion of a $45m underwritten placement to institutional investors the same offer price (announced on 24 March 2023). The SPP was open to 12,185 eligible shareholders. Valid applications totaling $18,641,080 were received from 1,197 eligible shareholders, representing a participation rate of 9.8% and an average application amount of $15,573. Shareholders supported the oversubscribed SPP, which was upsized to $15m, up from $10m. Weebit Nano raises $15M via upsized and scaled-back SPP