"This is a lazy way of listing on NASDAQ. OK, we get $54m cash out of this but LOSE 26% of our company."
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We were going to have to give up something to list on the Nasdaq.
A simple separate listing would still have involved dilution by a cap raising to get some US investors on board.
A quarter of our shareholders are now US shareholders.
Ann: Biota and Nabi Announce Proposed Merger , page-44
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