RE: Myles on twitter29 Aug 2025 08:46
Further evidence of this lies in the terms of the Heights deal today. Heights insisted that a further £13m cash is secured by mid January, to bolster the balance sheet. The company lists partnership / licensing agreement, then strategic investment, and finally equity placing, as methods the company might employ to raise that cash. If it were going to rely solely on equity raises, it would just have taken all the money it were offered by placees over the past week and last month.