NXS 8.00% 23.0¢ next science limited

"In a busy day for capital raisings, Melbourne-based Nexus...

  1. 358 Posts.
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    "In a busy day for capital raisings, Melbourne-based Nexus yesterday kicked off an underwritten three-for-10 renounceable entitlement offer at 40 a share - a 14.8 per cent discount to the theoretical ex-rights price".

    back of envelope calcs, ~ 300m new shares @ 22% discount to last traded price but with 30% dilution, am I "doing it wrong"?
 
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23.0¢
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Mkt cap ! $67.08M
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25.5¢ 25.5¢ 22.5¢ $100.1K 431.3K

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Last trade - 15.22pm 17/07/2024 (20 minute delay) ?
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