• "Company completes fully underwritten A$20m institutional placement (“Placement”)" and ........................
Is it certain that there are several institutional investors here or could there also be just one institutional investor?
My thought: Any company that wants to enter into a licensing agreement with BRN must also be sure that BRN can and will fulfill the agreement. BRN must be financially equipped to do this and the company also demands a certain share in BRN for a say, ideally 51%.
Since BRN does not want to allow such a majority share, but on the other hand Akida could be an important link for the investing company to achieve its goals, an agreement was reached on this $20 million share.
Could this be a realistic scenario?
• "Company completes fully underwritten A$20m institutional...
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Last
28.0¢ |
Change
0.050(21.7%) |
Mkt cap ! $549.4M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 28.0¢ | 23.8¢ | $6.760M | 25.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 69114 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 985490 | 32 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| BRN (ASX) Chart |