Only way would be if you contribute your existing percentage holding into the raise.
example if you hold 10% SOI, and they raise $30m you'll need to contribute $3m.
This would be a big ask for anyone to find and not really that suited to the way RAC SOI is distributed. A large amount would have been asked of the top 20, and if not underwritten then may fall short.
The way they've done it (along with the PR) has been most successful for RAC.
Ann: Change in substantial holding, page-6
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Last
$1.45 |
Change
0.030(2.11%) |
Mkt cap ! $247.1M | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.45 | $1.40 | $163.8K | 115.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 31396 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |