It means 90mil was fully underwritten… which means guaranteed 90mil incoming… if you don’t take up your offer of upto 30k (if eligible) … the brokers will.
It means the company is derisked during startup… but longer term holders are diluted significantly unless they buy on market to offset dilution at 13.5 or below
Ann: Completion of fully underwritten $90 million equity raising, page-5
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Last
42.3¢ |
Change
-0.023(5.06%) |
Mkt cap ! $2.834B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.0¢ | 41.5¢ | $10.38M | 24.40M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 34134 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1712766 | 81 |
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| Last trade - 12.48pm 20/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |