How about a renouncible rights offer. The underwriter could then have whatever existing holders don't take up. Existing holders could also sell if they don't want to take up
"A renounceable right is an offer issued by a corporation to shareholders to purchase more shares of the corporation's stock, usually at a discount. This offer usually coincides with the company's decision to issue a new round of stock, which would dilute the shareholders' equity in the company. The renounceable right compensates the shareholders for that dilution."
How about a renouncible rights offer. The underwriter could then...
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Last
$1.38 |
Change
0.020(1.47%) |
Mkt cap ! $3.307B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.39 | $1.35 | $7.060M | 5.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1452 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 125540 | 7 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DEG (ASX) Chart |