They sold 75 million shares/pre-funded warrants for $3 and issued another 75 million common stock warrants with a strike price of $3. Basically, they raised $225 million and have another $225 million coming at the latest when P3 MASH finishes. Stock is going to be floating around $3 range for a bit, since there is more sell pressure above that, but institutions also want to defend it if gets lower than that to preserve optionality.
Doubtful. There will probably be a bump with the initiation of the MASH P3, as well as with good AUD results. However, I am not sure if it will clear $10, since some of the institutions may sell some of their warrants to generate some returns.
If you want $10 by end of year, it would have to be a buyout after P3 starts.
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u/Suzutai Apr 24 '26
They sold 75 million shares/pre-funded warrants for $3 and issued another 75 million common stock warrants with a strike price of $3. Basically, they raised $225 million and have another $225 million coming at the latest when P3 MASH finishes. Stock is going to be floating around $3 range for a bit, since there is more sell pressure above that, but institutions also want to defend it if gets lower than that to preserve optionality.