Wrong, they are selling $13.6 million units, each “unit” at $1.35 consists of one share and one warrant exercisable at $1.35
“several institutional investors to purchase approximately $13.6 million of its units in a registered direct offering at a price of $1.35 per unit. Each unit will consist of one common share (or pre-funded warrant in lieu thereof) and one warrant and will immediately separate upon issuance.”
You are buying the shares they bought for $0.67 a share.
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