No. Its increasingly common to offer options as well to eek out a few more $ in these raises.
Its a bit ambigious but it looks both insto/sophs and retail will get the options attached:
"Participants in the Placement and Entitlement Offer will also be offered one (1) option, each exercisable at A$1.00 per option and expiring on 30 June 2026 (New Options), for every three (3) New Shares subscribed under the Placement and Entitlement Offer."
The $10 million just gets done far quicker whilst the retail takes forever and alas OPT probably converges on $0.40 whilst it gets done (retail takes forever) if it behaves like most of these at the small end of town, rather than the mathematical dilution effect.
I am relieved its at $0.40 and not lower. These lot need to make this the last and get some commercial partners with upfront and milestone payments onboard.
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89.0¢ |
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Open | High | Low | Value | Volume |
92.0¢ | 94.0¢ | 88.8¢ | $2.314M | 2.524M |
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No. | Vol. | Price($) |
---|---|---|
25 | 31484 | 89.0¢ |
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Price($) | Vol. | No. |
---|---|---|
89.5¢ | 56923 | 26 |
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22 | 26180 | 0.890 |
14 | 99325 | 0.885 |
20 | 119128 | 0.880 |
10 | 192015 | 0.875 |
12 | 581218 | 0.870 |
Price($) | Vol. | No. |
---|---|---|
0.895 | 57676 | 26 |
0.900 | 62129 | 16 |
0.905 | 43805 | 10 |
0.910 | 108755 | 6 |
0.915 | 121382 | 4 |
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