Even though they state a maximum of $10M they have a note 1...

Even though they state a maximum of $10M they have a note 1 above this amount and then state the following at the bottom as a footnote.

1 Peninsula may decide to accept applications (in whole or in part) that result in the SPP raising more or less than that target amount at its absolute discretion. Further, in the event that applications exceed the total amount offered under the SPP, applications will be scaled back in the Company’s absolute discretion. The Company may consider compliance with regulatory requirements, the amount applied for by each shareholder, and the number of shares held at the Record Date and the SPP Closing Date.