Mesoblast just completed their cash raising. For a straight up...

Mesoblast just completed their cash raising.

For a straight up comparison on the stewardship of shareholders funds by different boards and dealmakers I thinks it worth comparing the discount they offered and that they did not have have to give away options on a one option for two shares basis to sophs that cut the new shareholders in (and exiting shareholder out - ie they get further diluted unless they double into the management team that raised at 70 then 60 then 21.5 (that's so far)) to any additional upside (if there is any) going out to April 2025.

If MSB had offered options with half the new shares they offered as a bonus to the new holders with strike prices around $1.20 until April 2025 or so then they'd still have raised at a cheaper discount and out performed the CYP raising. Around 15pc versus around 19pc.