The way I see it;$10.4M raised of which;$6.4M 4 year secured...

The way I see it;
$10.4M raised of which;

$6.4M 4 year secured debt facility. it means we have a loan of $6.4M
$3.0M @ 8c a share (37.5M shares issued) = to pay down our current debt of $3.0M from Timelio facility.
$1.0M @ 8c a share for retail shareholderes (US!)

That's $7.4Million more that they require for working capital purposes, to get the business cash flow positive, but subsequently fuel the business further. So it will be a dilution at 9c to say around 7.5c a share...possibly less