hold period expiring on June 1, 2023.The company have to spend money to make money, the dilution is minimal, they need money for expansion ,not like you were saying (Oban...) to pay for lights bill.
Minimal withdrawal of cash show you how little they need to get profitable.
...The securities are subject to a hold period expiring on June 1, 2023. The proceeds of this second tranche will be used for general corporate purposes, including growth investments for the Mikra nutraceuticals business...