The cost to the company of the underwriting is approximately A$1.5mln.
They’ve also succeeded in reducing the open market demand because the institutions that are now going to get filled with the unexercised warrants won’t buy in the open market. Can the company ensure that institutions that shorted the stock or are still shorting don’t get filled?
There is a risk that there will now be an excess supply depending upon whom the underwriters offload the shares to which may create a drag on the share price.
The company should have originally made the warrants tradable on the market.
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- Ann: Perseus executes underwriting agreement for warrants
The cost to the company of the underwriting is approximately...
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$2.58 |
Change
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Mkt cap ! $3.550B |
Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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1 | 9946 | 2.550 |
2 | 11946 | 2.540 |
1 | 9946 | 2.530 |
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3 | 13341 | 2.510 |
Price($) | Vol. | No. |
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2.600 | 1930 | 1 |
2.610 | 9946 | 1 |
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2.630 | 9946 | 1 |
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