Need to read it carefully, but on a quick scan my thought is that Anavex is replacing LPC with Cantor for the second traunch of $50M and thus this prospectus is for $100M total incorporating the LPC agreement and the sales of stock so far under that agreement.
So no new dilution over what we all are, or should be, aware of thus far.
As I have posted a few times, the LPC and now Cantor agreements are as good as cash and already known, thus Missling can say the company has cash for all planned trial activities.
And btw. it seems the Cantor agreement is even better for Anavex and shareholder than LPC.