RE: GM II17 Sep 2025 16:59
Not automatically. Institutions and noteholders took the 1.5p warrants as part of the debt restructure because they see the bigger upside, but they benefit more if NTVO rerates well beyond 1.5p (which it just might). Converting too early just to flip at 1.5p would limit their own gains. More likely, they’ll stagger conversions as milestones hit, drip-feeding cash into the company and strengthening the balance sheet while riding the share price higher. They’ll no doubt continue to be in regular discussion with yeh company and will risk-assess their positions far better, and more informed than we can 👌