This would make much more sense. HMC will raise 25% of what they initially intended but if they get their act together they will have a chance to get the options exercised.
They also can do a spp down the track to raise more funds.
Also, by making it 1 option for every two shares held will ease the dilution problem.
By issuing the options at 0.5 cents each at a 4c strike also adds value to shareholders immediately instead of down the track.
make the issue price 0.5 cents. 1:2
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Last
$7.53 |
Change
0.030(0.40%) |
Mkt cap ! $2.839B | |||
| Open | High | Low | Value | Volume |
| $7.48 | $7.65 | $7.41 | $2.966M | 394.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3383 | $7.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.54 | 418 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| HMC (ASX) Chart |