Well yes, but it's a losing situation for 4dx shareholders either way. If the SP is below the strike price, the options won't get exercised and there will be a cap raise at a lower price. If the share price is above the strike price, then there's unnecessary dilution as a cap raise could have been done at a higher price (opportunity cost). I see no benefit to it for anyone who doesn't hold the options.
Ann: Notice of Extraordinary General Meeting and Proxy Form, page-11
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Last
51.0¢ |
Change
0.030(6.25%) |
Mkt cap ! $209.7M | |||
| Open | High | Low | Value | Volume |
| 53.5¢ | 54.0¢ | 49.0¢ | $829.2K | 1.600M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 64999 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 20000 | 1 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| 4DX (ASX) Chart |