It looks very similar to IMU’s recent raise, they are doing a 1 option for every 2 shares at 33c with a March 2026 expiry.
They issued 400,000,000 shares at 20c.
Be very interesting if it’s the same institution?
Guess this shows similar terms to us, as opposed to IHL getting shafted. Paul Hopper from IMU is no mug and has just done a very similar deal.
I do understand the frustration here today, but at the same time, to have such a big player decide they want to back IHL is the big story here. I won’t be selling any shares.
- Forums
- ASX - By Stock
- IHL
- Ann: Incannex Undertakes A$13 Million Institutional Placement
Ann: Incannex Undertakes A$13 Million Institutional Placement, page-139
-
- There are more pages in this discussion • 102 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)