I can't say for sure as that would have been negotiated between the company and the Book runner Bell Potter. My guess is that is what the company asked for as a minimum to get them to the next positive catalyst. The fact they included 1:1 options snd 1:1 piggies means the strategy they are planning is incremental capital injections as their development progresses and various goals are achieved. They mentioned the likely FDA approval before the options expired which obviously is seen as an important and valuable turning point. The main risk now is poor sentiment and shorts trying to stall the SP and cruel the strategy to make some coin. The company will need to keep up the pace of sales and news flow to combat that.
4DX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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