I doubt a CR will be required in the first place.. Especially as some prior-budgeted P2 costs can be deferred (which are not apart of P2 restricted cash reserves) until next year.
But IF new funds were needed, why would LYC go via the dilutive CR path? It would be easier to renegotiate existing debt agreements to get by the short term, especially with improving macros. For a potential small amount of (opex) cash, a CR would be overkill and too expensive.
Tdl.
I doubt a CR will be required in the first place.. Especially as...
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