This bit is sneaky too, cash runway to the end of 2025 isn't accounting for anymore ballooning costs and due to the need to have two quarters of funding the next raise will have to be around June. So basically, you're safe from another dilutive event for maybe 6 months.
We might all get 10c in the dollar back when BP take over. 10c in the dollar for millions of free shares for PH/LC is still a winner, especially after all the wages.
Again, thank you PH/LC for running the ship aground, merry Christmas to you both and cheers to the status quo.
Ann: Issuance of Convertible Notes & Warrants for up to $46m, page-39
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