RE:RE:RE:RE:ATM offering is NOT over until 2023The problem is you are providing irrelevant info, and therefore misleading. My post was about the ATM. Your reply was about debentures and other stuff.
The only relevant thing in your post in regard to the ATM was the 45M. We are far from raising 150M the intended target, and therefore my initial post stands: there will be more shares issued, and more dilution. if you disagree, say so and why.
quinlash wrote: I am not confusing anything, I simply provided an extract from the Call Transcript. I trust that you have been reading all of that material over if you are actually holding shares of the company.
Zaybure wrote: You are confusing the ATM (May, 11) with the PO ( Aug 20). The PO was announced to be closed ( Aug 24). There hasn't been any announcement on the ATM being closed, so it is still going on. Hexo has about a year and a half to exercise its ATM of $150M. So far they have acknowledged
raising 45M, representing 30%.
quinlash wrote: Taken from 2021 Q3 Earnings Call Transcript
We raised CAD45 million off the back of our at-the-market offering. We are only branded for about nine days between the filing of the prospectus supplements and the — as we led up to the possible announcement of a definitive agreement to purchase Redecan. We also raised an additional CAD395 million of net proceeds through the issuance of a secured convertible debenture in relation to the Redecan acquisition. We’re currently sitting with about CAD194 million in cash in our operating accounts, and have another CAD275 million sitting in escrow waiting on the Redecan transaction close HEXO CALL TRANSCRIPT LIBRARY
https://seekingalpha.com/symbol/HEXO/earnings/transcripts