Yes, this raising was necesary. It was a requirement for becoming a recipient of the $29 million MRFF grant - 4DX had to match the grant amount with money of their own.
Ann: Proposed issue of Securities - 4DX, page-4
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Mkt cap ! $217.2M | |||
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14157 | 55.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 452 | 1 |
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