Looks bog standard to me.
No underwriting saves fees and indicates confidence.
Interesting they have given themselves a lot of flexibility regarding their cash raise target (could accept more, might accept less).
But, nice they included retail (existing) shareholders - good they threw us a bone.
Kind of locks the share price to 18 cents for this next little while (28th August) UNLESS they announce something stunning in between (which, is entirely possible).
Company will need to manage this carefully, some holders might bail short term not wanting to be locked into (perceived) situation where the share price is stagnant at around 18 cents. But, I feel this might be a bad decision, this smells like they are giving Sophos a chance to make some quick profits.
IMO
DYOR
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