To clarify this a bit further.
If the 10 day WVAP was to equal say $4.80 SQC would only receive 416000 shares for their $2million investment.
If on the other hand the WVAP was to equal say $3.80 they would only get 493,827 shares for their $2 million. In other words they would be paying a premium.
Simply put SLX have placed a floor price of $4.05
but have placed a ceiling of the 10 day WVAP. SQC are still committed to subscribing for $2 million of shares the maximum number of shares they may receive is 493,827 but they will probably receive much less.
It is great deal for SLX shareholders we get all of the upside.
- Forums
- ASX - By Stock
- Ann: Silex and SQC Sign Expanded Commercial Arrangements
To clarify this a bit further. If the 10 day WVAP was to equal...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SLX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$5.97 |
Change
0.150(2.58%) |
Mkt cap ! $1.390B |
Open | High | Low | Value | Volume |
$5.89 | $5.99 | $5.69 | $4.527M | 770.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $5.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.99 | 2938 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 5.960 |
3 | 1575 | 5.950 |
3 | 6661 | 5.930 |
2 | 4016 | 5.910 |
1 | 1938 | 5.900 |
Price($) | Vol. | No. |
---|---|---|
5.970 | 243 | 1 |
5.980 | 4192 | 4 |
5.990 | 7401 | 5 |
6.000 | 36973 | 11 |
6.010 | 9728 | 3 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
$5.96 |
  |
Change
0.150 ( 2.77 %) |
|||
Open | High | Low | Volume | ||
$5.89 | $6.00 | $5.69 | 105219 | ||
Last updated 15.59pm 06/05/2024 ? |
Featured News
SLX (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online