The Class A Performance Right issued to Waterhouse VC Pty Ltd (Waterhouse VC) vested and was converted into 34,564,921 options (Options)
exercisable into ordinary shares in the Company (Shares) with an exercise price of $0.18 and an expiry date of 16 July 2023.Waterhouse VC has elected to exercise the 34,564,921 Options and, accordingly, the Company has today issued 34,564,921 Shares for a total aggregate exercise price of $6,221,685.78.
Who wouldn't like to encash 34.5M ?
Ann: Waterhouse Deal Generates Over $6.2M in Revenue, page-165
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