Botanix Pharmaceuticals Limited

ASX:BOT

Botanix Pharmaceuticals Limited

ASX:BOT
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$0.380 (+4.1%)
Last close price
#5
Rank
48
Held by
49
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Reports (2) My Report Forum Investors
Forum Topics BOT BOT Cap Raise

Pinned straw:
mikebrisy
Added 6 months ago

$70m at $0.30 for 233.333m shares - a dilution of c. 15%.

No SPP as suspected.

Use of funds focused on Sofdra.

Thanks to the loyal shareholders.

While it’s easy to be disgruntled, the big picture is that not too far down the track, this business is likely to be worth a lot more.

Overall, I do want this business to have a strong balance sheet, but I still don’t understand why they didn’t raise a few days down the track.

Will look at the price action at the open and see if I can sneak in some more. Unlikely though.
occy
Added 6 months ago

At $0.30?? I can't say I'm too happy with that price considering 15% dilution. As you say, why not wait as it is once again retail holders that lose out. Anyhow, I'll keep it at that for my whinging now as there is still plenty to be positive about.

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