This is a highly misleading slide. Non-dilutive funding in 2022 was only $3.3 million.
From the Annual report (fiscal year ended Sep 30) filed on Nov 28, 2022:
"Cash provided by financing activities in fiscal 2022 was $21.3 million, net of financing costs, primarily attributable to cash received from the issuance of common shares at various market prices under the Sales Agreement."
AVXL has a sales agreement in place where they can easily sell millions of shares if and when they choose to do so. They also do not provide links to their SEC required reports from their website. Not a good look.
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