You are living in denial. They raised around $300M (diluted over 500M shares and some loans) since data lock. After UK approval, they should be able to raise another $300M in the next 3 years. It doesn’t happen in one go. They will slow roll it to keep shareholders (bag holders) on the hook. They already have commitment for $50M.
They will ask shareholders to raise the authorized share count in the second half of this year.
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