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
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- Ann: Completion of fully underwritten $90 million equity raising
Ann: Completion of fully underwritten $90 million equity raising, page-5
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