Avita Medical Ltd (RCEL)

[Fitz1030]

Looks like it will be $100mil at 0.59/AVH share or ~$8.08/RCEL share. This is on par with what I would've expected in terms of the offering discount, and it is right at the recent support we tested and bounced from at the end of October. In my opinion, having another $100mil in long-term, institutional money come in at this level will only further solidify this support. I would expect this is also the last time Avita needs to raise operating funds via the market. Everything is looking good here.

https://www.afr.com/street-talk/avita-medical-raising-100-million-20191111-p539e7