I disagree.
The only constant in this equation is $2,000,000 paid.SQC has also executed a Subscription Agreement with Silex, which will result in SQC acquiring up to 493,827 fully paid ordinary shares in the capital of Silex for $2m.
$2,000,000/493,827 is $4.05/share - that is the minimum they will pay to get the maximum number of shares (493,827).
It clearly states
- SQC pays $2,000,000
- SQC obtains “up to” 493,827
Therefore
- If the price is $4.05/share they get 493,827 shares.
- If the price is $5.00/share they get $2,000,000/$5.00/share = 400,000 shares
Very clear in my mind
Ann: Silex and SQC Sign Expanded Commercial Arrangements, page-20
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Last
$4.34 |
Change
-0.100(2.25%) |
Mkt cap ! $1.033B | |||
| Open | High | Low | Value | Volume |
| $4.54 | $4.61 | $4.32 | $3.963M | 895.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16533 | $4.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.39 | 3059 | 1 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| SLX (ASX) Chart |