" for the $62 mil of the new 10 mil shs placement will be over.
"??
What $62 million of 10 million shares? There's no price on that offering yet? So how is it known that 10 million shares will = $62 million???
That's impossible to know, and further, they're under no "quit period" presently. That secondary is open, live and can/could place/sell at any time.
The amount the offering will "net" to OCAT will be equal to:
10 million shares (and if the underwriters take the over-allotment then 1.5 million more) X the share price the underwriter is willing to pay including their share discount - underwriters fees - minus underwriter expeneses
THAT is how much OCAT will bank and there is no way to know if it will be $62 million. Given the present share price, it's highly, highly likely that 10 million shares will net OCAT far less than $62 million. Not even close to that amount.
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