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monocle

10/10/25 7:59 PM

#123153 RE: chico237 #123152

Since the form filed today was not the form they filed when they utilized the shelf four times this year, I think it's reasonable to assume that this has nothing to do with an active draw off the existing shelf registration. Form S-3ASR is different than form S-3.

I think it's very likely that there will be direct offerings of shares for more than $25 million since $240 million more is needed. Today's filing gives them ability to get the ball across that goal line.