Anavex Life Sciences Corp (AVXL)

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We have four years of cash runway, so this proposed registration has nothing to do with day to day cash management.

It obviously doesn't given the headroom still available under the ATM agreement. There could be other developments in the works that would require new shares to be issued. And now we have more current information that the new Form S-3 is a replacement for a 2019 Form-S3 that, by regulation, became "stale" a couple of years ago.