Jun. 16 at 3:02 PM
$ICCM is offering existing shareholders the right to buy new units (1 Ordinary Share + 1 Warrant to buy another share) at a fixed price (the Subscription Price), likely below market price, with:
No cost to receive the rights.
Non-transferable rights (you can’t sell them).
Over-subscription privilege (if others don’t buy, you can buy more).
Positive:
Discounted Purchase: If the subscription price is lower than the market price, it's a bargain.
Warrants Add Value: Warrants give you a future option to buy at a locked-in price.
No Immediate Dilution If Participating: If you exercise your rights, you maintain your ownership percentage.
Optional Participation: You can choose whether or not to invest more.
Potential Negativ
Dilution Risk: If you don’t participate, your ownership % is diluted.
Non-transferable Rights: You can’t sell the rights if you don't want to use them, which is less favorable than transferable rights offerings.
Signals Cash Need...
All depending on the concrete numbers re offering IMO
