Anavex Life Sciences Corp (AVXL)

[justthefactsmam]

can't explain the math discrepancy, but this is from the most recent annual report found on page 31:

Cash provided by financing activities for fiscal 2018 and 2017 were related to cash received from the issuance of common shares under the Purchase Agreement with Lincoln Park. During fiscal 2018, we issued 2.4 million shares for gross proceeds of $8.2 million. During fiscal 2017, we issued 7.1 million shares for gross proceeds of $27.3 million.

the fiscal year end is sept 30.

fiscal year 2017 ran from oct 1, 2016 ending sept 30, 2017
during that time period, the stock price ranged between the high $5's down to the high $3's so the effective put at a minimum of $3 seems right.

fiscal year 2018 ran from oct 1, 2017 ending sept 30, 2018
during that time period, the stock price ranged between the high $3's to the high $1's. putting shares to LPC early in fiscal 2018 would also have satisfied the $3 minimum.