WBT 1.27% $1.95 weebit nano ltd

Ann: Notice of 2021 Annual General Meeting, page-15

  1. 237 Posts.
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    AGM resolution 4 is seeking permission to increase the amount of shares they can issue in a given time frame. Approval would increase the number of equities they can issue to 25% of the current MC.

    It is just an increase from the current 15%.

    I was speculating that the reason to do that ( and they have not announced plans that they would yet) would be to issue shares directly to a large cornerstone investor.
 
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