Surprisingly small amount of moneyAll things considered - I'm surprised they bothered with an offering for such a small amount of money. In the grand scheme of things, $25M is peanuts. Not really sure what the goal was - yes, they suggest it will be used for RP2.0, but ...
I wonder if the goal is to try and catch a potential wave of higher spot prices by accelerating their development of RP. If so, this could end up being looked back on as being a smart decision.
My overall opinion is that the upsides probably outweigh the downsides. Stock price will fall just mathematically, but beyond that, I don't really anticipate this causing prices to fall further than that - I mean, really, who is going to be selling at this point?