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AnteoTech: Enters $3.76M option underwriting agreement | Fintech InShorts: Latest fintech news, analysis by experts

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AnteoTech: Enters $3.76M option underwriting agreement

By Steve Sam

August 18, 2020

AnteoTech has entered an option underwriting agreement for Mahe Capital to underwrite the excess of the options currently on issue
All up, 188.1 million options are currently on issue — exercisable at two cents each — to raise $3.76 million
These options have an exercise price of two cents and an expiry date set for December 6, 2020
Based on its $75,000 June quarter cash burn, and with government grants and customer receipts totalling $1.12 million
Then the company states it will now fully-funded beyond 2021
AnteoTech is steady on the market this morning and shares are currently trading for 5.2 cents each

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