Pure speculation on my end.
Examining the exact wording of each ASX announcement, today's announcement explicitly referenced 'capital raising'.
I suspect CAI had a plan to release the restructuring announcement, which would invariably increase the share price then follow up with a capital raise at an elevated share price.
Unfortunately, Macquarie and other institutional investors had other ideas and now CAI are forced to raise capital at the current share price.
Pure speculation on my end.Examining the exact wording of each...
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