Question · Q2 2025
Asked if the company had considered a rights issue as a funding alternative, questioned why the sale price range was so wide if due diligence was complete, and inquired about the existence of a breakage fee.
Answer
A rights issue was not seriously considered because the issue wasn't the ability to raise capital, but the highly dilutive price at which it would have to be raised. The wide price range will be clarified with more details in a few days. A breakage fee exists and is proportional to the amount loaned as part of the deal.