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You would hope that they would rescind the raise offer and...

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ForeverNewbie

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19/03/24

11:19

Post #: 72956943
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Originally posted by just browsing: ↑

UBI: think there is an entitlement offer in the wind at 15c per share + 20 cent option so be careful here and door ... still checking the details

1/3/24

the proposed terms of the capital raising are yet to be finalised, however, it is anticipated that the New CDIs will be issued at a price of A$0.15 per New CDI (with the ability to accept oversubscriptions);• in addition, participants in the Placement and Entitlement Offer shall receive one attaching Option for every New CDI issued, at an exercise price of A$0.20. The Options will vest upon issue, expire 3 years from the date of issue, be exercisable in multiple tranches and each entitle the option holder to 1 CDI upon exercise (subject to any adjustments for reconstructions or bonus issues in accordance with the Listing Rules); and• UBI also intends to apply for quotation of these Options on the ASX following the completion of the Entitlement Offer. Details of any potential quotation will be advised in a following announcement.

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You would hope that they would rescind the raise offer and submit a new one.
Otherwise it'll be a magnet and drag the SP down to 15c.
I mean the options would already be well in the money if SP remains the same.
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