I see the dilution continues ... more cash raised with ATM...

I see the dilution continues ... more cash raised with ATM facility

So thats 44,237,054 before the ATM facility
plus up to 11,194,029 from the ATM facility (plus of course the US$15M of cash)
plus 66.3M shares which get issued on C-Note conversion

Puts total SOI around 122M (NASDAQ) when you factor future valuations of SP.

What are they going to use the US$15M for?

"We intend to use the net proceeds from this offering for operation of the SSF, FEL2engineering and general corporate purposes, including, without limitation, working capital,capital expenditures, advances to or investments in our subsidiaries, and general andadministrative matters. See the section titled “Use of Proceeds” on page S-10 of thisprospectus supplement."

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02790530-0MC2QH1G2P5E612UGGGF3H6ASF/pdf?access_token=0007TrnDOxW7NrXMg9obHhi5aiyy