Some will cry dilution but we all know there only a couple of ways for a public company to raise money.
1) Sell shares
2) Create debt through loans
3) Generate profits through product or service sales.
Selling shares is, IMO, is better than creating toxic debt. Since we aren't generating any profits from revenue, at this time, it seems we don't have any better options at this time.
Hopefully the funds raised are being put to good use.
Bullish