@mikebrisy, a closing price of $2.15 does look like some buyers are positioning for either another offer, or TB raising the price to get more naysayers on board.

Most shorts have closed by now.

Two weeks ago, some 6% on offer was being shorted which started plummeting once the announcement was made.

Yesterday, 0.32% still shorted.

Source: https://www.asx.com.au/data/shortsell.txt

Takeover offer at $2.10.

https://www.nearmap.com/content/dam/nearmap/investor-relations/asx-announcements/2022/Non-Binding_Indicative_Proposal_and_FY22_Update.pdf

I think it's still way under fair value, so watch the price shoot up from here as other suitors come out of the woodwork.

Link here:

Not exactly a surprise, but evidence that the thesis on North American expansion continues to play out.

Disc: Held