GREY:ATBPF - Post by User
Post by
Arbourmarkon Feb 17, 2021 4:53pm
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Post# 32587982
Bought Deal
Bought DealThe bought deal generates $35M plus it comes with a 1/2 warrant at $7.50.
With the $20M cash from Nuance deal and the $35M from the bought deal this gives them $55M in the bank. A typical phase 3 costs about $50M to complete.
This places us in a much stronger position to negotiate with the big boys. We no longer need their cash but certainly welcome it if the terms are right.