Dilution should happen soon according to the company presentation (Q4 2013). In it they mention raising $10m gross and listed a market cap of $75m, so that would be 13.3% dilution or a little over 2m shares. That would price the offering at about $5.00/share, unless they needed to add a discount to complete the offering if not fully subscribed.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.