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.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$3.53 |
Change
-0.060(1.67%) |
Mkt cap ! $1.456B | |||
| Open | High | Low | Value | Volume |
| $3.52 | $3.57 | $3.46 | $8.863M | 2.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 383 | $3.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.59 | 5000 | 2 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| HMC (ASX) Chart |