Offer • A$25M placement (Placement) to sophisticated or professional investors. Offer Price • Offer Price of A$0.092 per share representing: • 20.0% discount to the last traded priced of A$0.115 on 5 December 2024; and • 9.6% discount to the 5-day volume weighted average trading price to 5 December 2024. New Options • Placement participants will receive 1 new unlisted option (New Option) for every 3 shares subscribed under the Placement. • New Options key terms: • Exercise price A$0.1196 (30% premium to the Offer Price); and • Expiry 18 months from issue
1:3 free oppies with a strike price of just 11.5 cents. So if you're wondering what managements ambition is for the SP this next year...now you know. Sophs will be dumping new stock as soon as is convenient and holding the freebie oppies going forward.
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(20min delay)