Post by
palinc2000 on Jul 26, 2021 6:38am
Prospectus Sup
Now available.... 33 pages long
Had a quick read thru....Costs estimated at 600000$ not including the 3% fee on the gross proceed payable to Cantor ...ie 1.5 million$ if they end up issuing the full 50 million$
Comment by
palinc2000 on Jul 26, 2021 6:45am
Regardless of the legal boiler plate wording ATM s are set up to be used and a need for the cash has been identified
Comment by
SPCEO1 on Jul 26, 2021 9:03am
So, if they do the full $50 million than it is cheaper than a standard offering at just a 5% fee (versus 6-7% normally) . So that is a small incentive for TH to eventually raise the full amount using the ATM.
Comment by
palinc2000 on Jul 26, 2021 9:14am
The 600 000 $ has been or will have been spent in a short time,,,So the additional fee is 3% . But I am 10000000000% sure they will draw the whole amount,,,,,,,,,
Comment by
SPCEO1 on Jul 26, 2021 10:38am
I should have said 4.2% as the total fee, not 5%.