I think they have to err on the side of caution to ensure the proposed number of securities will be available cover the transaction - hence the $5 estimated value
if they proposed less shares and a higher quoted value - and for whatever reason the market drops they could fall short & have to cover in cash which they are obviously trying to avoid.
I don’t think it needs to be overthought - the purchase price has been set & they are transacting via the placement - it’s just safe guarding to ensure the transaction goes through per the purchase conditions as planned
all IMO
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Last
$2.12 |
Change
0.000(0.00%) |
Mkt cap ! $2.751B |
Open | High | Low | Value | Volume |
$2.11 | $2.19 | $2.08 | $37.25M | 17.52M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 134476 | $2.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.14 | 90343 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 76017 | 2.120 |
3 | 10369 | 2.110 |
7 | 80207 | 2.100 |
8 | 44102 | 2.090 |
15 | 94309 | 2.080 |
Price($) | Vol. | No. |
---|---|---|
2.140 | 22432 | 3 |
2.150 | 32369 | 3 |
2.160 | 7788 | 4 |
2.170 | 4739 | 1 |
2.180 | 129651 | 10 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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