The new cash will last until early 2026.
They won’t wait until they have run out of cash, so short of a buy out they will go back to the market in H2 2025 in about 18 months.
Given the positive results and run up in sp I think the dilution is very reasonable for 18 months run way. There’s no reason to believe the company won’t continue moving forward rapidly especially given the interest in radio therapy.
All looks good. There will be some slosh in the sp around the raise but got to look longer term here.
Ann: Clarity launches $121 million equity raise, page-33
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