The capital raise also needs shareholder approval. A capital raise may get approved with some adjustments. Issuing Options may not be part of the deal. If the company is going to increase revenues Options aren't a good idea, more dilutive.
The contingency to adjust the price down may have been due to the possibility of the FDA Approval being delayed. It was expected in March.
Ann: FDA Approval for Xprecia Prime, page-35
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Mkt cap ! $41.72M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $2.97K | 21.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 407720 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 27188 | 2 |
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| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 13.5¢ | 14.0¢ | 13.5¢ | 4373080 | ||
| Last updated 15.42pm 27/05/2024 ? | |||||
| UBI (ASX) Chart |