RE: 1.3p to 1.5p by the end of the week20 Dec 2023 10:29
Lest not forget they raised $4m at 30% premium of 2.6p on 5 OCT. Yes the process did support their own shorting as delays drove SP down from 4p. But still. Here we are… Pivotal… it certainly is right now..
“The Company is excited by the high degree of support and mutual alignment it has achieved amongst its leading capital providers and stakeholders enabling this pivotal financing and restructuring package:
Upsized equity financing of $4 million at a price of 2.6 pence per share, or +30% premium to the closing share price on 5th October. The funding was provided entirely by the Company's leading equity and convertible bond investor Anavio Capital Partners LLP”.