I'd be surprised if they raise $50 mil at $1 per share. Current sp as you are aware is 60c and just holding on?
last raise was $28 mil at $1.30 so not sure how they raise 40% more than that at 40 % premium to current sp? And 100 mil at $2 per share?
plus your figured suggest 150mil would be raised. The report suggests 220 mil will ne required by 2028.
unfortunately I think they need to raise first to get results?, and then maybe ut will hit $2.
Of course all that can change in an instant if they bring out some sort of trial result that wows the market pre raise?
[VIDEO] Recce Pharma (ASX:RCE) selects CMAX for phase I/II UTI clinical trial, page-8
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