SPP Harvester by OnMarket, page-286

UWL SPP

'The SPP Offer aims to raise up to $10 million and is not underwritten. To the extent that the SPP Offer results in acceptances in excess of $10 million, UWL will scale back acceptances on a pro rata basis, based on securities applied for under the SPP Offer.'

At least they're not going to use the number of shares held to scale back if required,

Liquidity shouldn't be an issue , 750k shares traded on average.