They haven't done a CR 'at current levels'. They've issued $20m...

  1. 4,475 Posts.
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    They haven't done a CR 'at current levels'. They've issued $20m worth of convertible notes that can be exchanged at a price determined in the future. Did you read the terms... jokes, I know you didn't. It's unknown how many shares Susquehanna will receive for their $20m - but IMU have been kind enough to give some guidance.

    https://hotcopper.com.au/data/attachments/6766/6766098-1aa1d4f81a10b6dcc97110315c593f29.jpg

    If the share price collapses (say, if some large vulture capitalist shorts IMU who is incentivised to see such an occurrence) IMU will dilute holders by another 1.05B shares all to have raised just $20m.

    https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02905962-4C25SBFDB8TSJ39DD5ME78S3CS/pdf?access_token=0007cv9Bfk1qSbb7exreppktItV8
 
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(20min delay)
Last
1.1¢
Change
-0.001(8.33%)
Mkt cap ! $82.13M
Open High Low Value Volume
1.2¢ 1.3¢ 1.1¢ $376.2K 32.83M

Buyers (Bids)

No. Vol. Price($)
21 3534042 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 11298051 21
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Last trade - 16.10pm 25/06/2025 (20 minute delay) ?
IMU (ASX) Chart
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