PBH (market cap $480m)?
If you read their 4C report, should know they require cash, $35m cash burn per quarter.
Their current cash only could last for another 3-4 months.
NHL, raised $2m, so $2.3m, quarterly cash burn $0.7m, without any revenue, can last for 9 months.
As the company expect to generate revenue, so their forecast of meeting 12 months cash requirement is reasonable to me.
NHL Charts, page-32
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