I would draw your attention to this section of the SPP Offer Booklet.
The Plan is targeting to raise up to $29.7 million. If total demand for the SPP exceeds $29.7 million, the Company reserves the right to close the SPP early and/ or scale back applications in its absolute and sole discretion.
When determining the amount (if any) by which to scale back an Application, the Company may take into account a number of factors, including the size of an applicant’s shareholding, the extent to which Eligible Shareholders have sold or bought additional Shares after the Record Date and the date an application was made. Scale back for Shares held by Custodians will be applied at the level of the underlying beneficiary. Eligible Shareholders are therefore encouraged to submit their applications early.
Ann: Race Oncology Share Purchase Plan Opens, page-9
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