Feb. 1 at 10:19 PM
$APVO I'm genuinely confused over the past 3 weeks of activity here. On January 9th, Aptevo PR'd that they were entered into a
$60 million equity line of credit with Yorkville. They PR said that this LOC together with cash on hand was enough to get them through 2029 and that they did this to be conservative and limit further dilution. Within several weeks, they turn around a stockholder proposal to issue more than 19.99% of outstanding shares for additional sale. I don't understand what I'm missing between these two events. They appear to be in stark contrast with one another.