Surely this is simply shares issued to the underwriters - but for which payment was delayed.
That is - the underwriter was contractually obliged to buy shares at this price, but the company granted flexibility in how soon the cash needed to be paid. No shares issued until the cash was paid.
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Last
1.8¢ |
Change
0.001(2.86%) |
Mkt cap ! $48.69M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.9¢ | 1.7¢ | $68.49K | 3.821M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2045633 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 944151 | 8 |
View Market Depth
| Last trade - 15.25pm 25/07/2025 (20 minute delay) ? |
| ADO (ASX) Chart |