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
5.5¢ |
Change
0.003(5.77%) |
Mkt cap ! $94.08M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.5¢ | 5.2¢ | $83.7K | 1.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35000 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 175516 | 3 |
View Market Depth
| Last trade - 15.21pm 07/06/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
0.003 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 5.2¢ | 5.4¢ | 5.2¢ | 372397 | ||
| Last updated 14.40pm 07/06/2024 ? | |||||
| ATC (ASX) Chart |