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clock Created with Sketch. 16/05/25
09:45
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Originally posted by synaphai:
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Right now the company probably has about 2 quarters worth of working capital at the current burn rate so, yeah, there will need to be another raise likely sometime September/October depending on how expenses increase. And with the company needing $85 - $100 million per year that raise will obviously have to be sizeable. The trial should bring in around $13 million in reimbursements for DurAVR's implanted to offset those costs some but it seems very plausible that the fully paid share count will be pushing 50 million by the end of the year and that probably won't be the final raise before approval.
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Hi, what is the usual process in the States when raising the Funds, i.e: is it done at a discount to the 30 day average sp?, cheers mate.
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