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.
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Last
$3.60 |
Change
-0.030(0.83%) |
Mkt cap ! $1.485B | |||
| Open | High | Low | Value | Volume |
| $3.67 | $3.70 | $3.59 | $6.129M | 1.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1658 | $3.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.60 | 2025 | 1 |
View Market Depth
| Last trade - 16.10pm 11/09/2025 (20 minute delay) ? |
| HMC (ASX) Chart |