CapitalIn the management notes the company specifically said that they intend to complete a financing round in Q2 2023. I would hazard a guess that is what we are in the price setting phase of that financing. There is no amount specified. I believe they had $1.8 M in working capital at the end of Dec 2022.
In the analyst report I saw last year there was an identified need for $10 Million in capital for 2023 which might have come from an equity financing exercising of warrants or options.
If you have the newest report perhaps you can check and let the board know.