RE: Placing coming - what we thinking? 0.2?9 Jan 2026 07:57
No. You are the fool.
The phrase "subject to availability of funds" is the most important part of that sentence. It is a classic "legal out." It tells you that while ValiRx wants to put up £2 million, they don't necessarily have that cash sitting in the bank ready to go right now.
To get that £2 million, ValiRx essentially has three options:
1. Use existing cash: If they have it (unlikely to be the full amount given their typical burn rate).
2. External partners: They mentioned "other investors arranged by ValiRx" might step in.
3. A Placing (Equity Raise): If they can't find the money elsewhere and decide this project is a priority, they would need to raise more capital by issuing new shares.