hi alanpro - basis the Nanotags will be using Ionic supercaps then this is a revenue stream for ionic ahead of an IPO.
Per the pathway to IPO deal struck with Melbourne Capital, then additional funding from Melbourne Capital is likely before June 30 - so that the funding qualifies for the ESIC tax break, with the tax break being critical to secure the funding. funds raised in the 2020/2021 financial year will likely not qualify, since will be earning revenue and ASX listing.
I wonder if Ionic will offer existing shareholders the opportunity to participate in the next funding round [if so will SER participate?]
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