BRN 9.80% 23.0¢ brainchip holdings ltd

Ann: Financing Facility, page-101

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  1. 4,282 Posts.
    lightbulb Created with Sketch. 1041
    Anyone notice the first $10mill has to be issued/drawn down under ASX 7.1.
    My understanding is that it is only eligible for companies under $300mill MC, so if correct my understanding is that until first $10mill drawn down, SP cannot be over 20.1c.

    Could someone explain it if they understand the deal differently. Thx.
 
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