RE: Funding results17 Jan 2023 16:55
Pope Investments (TPI) Limited received applications for an amount in excess of the maximum £0.5 million available. In order to give priority to orders received from existing ValiRx shareholders, after consultation with TPI, the Company decided to scale back the order book such that applications for an aggregate 2,727,272 new ordinary shares (representing approximately £0.3 million raised, before expenses) will be processed
If it was over subscribed, why would they scale it back? Doesn't make sense.