It depends. For example: If the CR was to raise $5m and the...

It depends. For example:

If the CR was to raise $5m and the funds are then used to crack into the UK market of $200m ACV in 3 years time then that is a GOOD CR and the share price will go UP.

If the CR was to raise $5m and the funds are then used to crack into the Antarctica market of $1m ACV in 3 years time then that is a BAD CR and the share price will go DOWN.

So it all depends on the markets' view on the CR Amount vs the Perceived Benefits it will bring back into the company within a Certain Timeframe.