Looks like KWR doing their utmost to reduce existing shareholder dilution with a modest minimum SPP raising and a nice juicy little sweetener 2:1 option!
Given the small raising it appears they seem confident they are going to find something decent in the short term ($1.5m) and can raise more funds at much higher levels.
I’ve not usually seen this before where the board seems to be putting shareholders first before S708’s
Congrats to Ed and the board.
Cheers
KWR Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held