RE:RE:Spectral move The math is correct. Say $5.5 M.
But I ask what will compel warrant holders to exercise before Dec 2024?
Also another Baxter tranche ( assuming the option is exercised) needs to be factored into the $ pending. ($5-$10m CAD?)
Still not convinced they won't pull the trigger on up to another 10 -20 million shares. But at current prices, 10m brings in another $6m or so ( after commissions etc) Hopefully much more post 90 patient milestone hype.
Bottom-line? Raising $ should not be a concern. With minimal dilution either way.
MM