They had to issue warrants to get investors to take up the shares. In a strong market where investors are competing to get in on deals and IPOs etc. then companies don't have to issue warrants. Very little interest in this IPO from investors, hence the 1:1 warrant at a really low price.
Ann: Nova Announces Pricing of US$3.3m NASDAQ IPO, page-26
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Last
22.5¢ |
Change
0.015(7.14%) |
Mkt cap ! $60.09M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.5¢ | 21.0¢ | $78.45K | 360.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 44699 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 24111 | 3 |
View Market Depth
| Last trade - 14.07pm 06/11/2024 (20 minute delay) ? |
| NVA (ASX) Chart |