So Balaton's strategy becomes clearer. They like ATC did not exercise their subscription rights.
€2m raised means 2000000/(40 * 1.1) = 45,454 shares subscribed to the offer of a total of 96.353 shares or approx 47% of the retail holders.
Maybe a bit less assuming some applied for the oversubscription shares.
AAM estimated between €5m - €10m would be raised from the retail base so obviously a bit disappointing.
They now move forward with part 2 of the raise which was always the main game.
AAM raise 2m euro, page-2
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Last
6.2¢ |
Change
0.001(0.81%) |
Mkt cap ! $102.5M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.2¢ | 6.1¢ | $90.82K | 1.485M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 85969 | 6.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.2¢ | 991067 | 5 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
6.1¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 6.1¢ | 6.2¢ | 6.1¢ | 686783 | ||
| Last updated 15.38pm 03/05/2024 ? | |||||
| ATC (ASX) Chart |