In fact, it was clear since the last raise that they would need...

In fact, it was clear since the last raise that they would need another raise. They have never raised enough unfurtunatley to make a substantial progress. The only hope for current holders was that they would raise higher than last previous years. Unfurtunatley, the only attempt from the management to increase the SP during the last year was Ben's $5k buys on market and a badly conducted interview with Fadi.
It does not matter amymore but it would be interesting to know what was @Davisite' s offer last year the management did not take. At least RAC holders got lucky.

Either the placement or insolvency? So current SHs actually have got another year to hope for. An if they make it at 0.5c or above, it will be heavily oversubscribed at a huge premium.

In the meantime, carbon accounting
sector is becoming overcrowded.

https://sifted.eu/articles/carbon-accounting-startups-acquisition