Rights offers take care of existing shareholders better than a placement - at least shareholders get to participate in the dilution to maintain their % of the company before opening up to outsiders.
The way this offer is structured suggests the management is very confident of their shareholders/supporters to take up their entitlement. There is a negligible discount (-3.5% vs typical -15%) and the advisor to the offer is underwriting it. Maybe something is coming up.
Rights offers take care of existing shareholders better than a...
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $5.016M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $5.386K | 489.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 410407 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 146522 | 1 |
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| Last trade - 15.50pm 21/06/2024 (20 minute delay) ? |
| PSL (ASX) Chart |