SAS Possible Disallowed from 0.5c, page-81

My reading of the prospectus is that they are going with a batch of 8 if they get the $15m. The reference to 4 is if they get only around $12m.

Extract from prospectus:

If less than the full subscription is raised under the Entitlement Offer and the Placement Offer, the Company intends to apply
the funds raised as follows:
(a) the first $64,829 will be applied towards Expenses of the Offers;
(b) thereafter, the funds raised will be applied as follows:
(i) in the event total funds raised under the Offers exceed $12,000,000,
the Company will continue with the proposed business plan with the
following amendments:
(A) manufacture and launch 4 satellites saving on cost of satellites
and launch.