I expect the $3m raising will be taken up by insto investors which will mean a lot less stock in the market following completion of the EPAT acquisition. Also the consideration paid for Epat will be escrowed for 2 years so people who want exposure to EPAT will largely need to go into the market and buy shares.
Ann: ePAT selected for CSIRO's ON Accelerator Program-MNQ.AX, page-13
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