Nothing to spin,
The overall market for small cap pre earnings companies is virtually dead. Our problem is we still need cash, the 4.4 mil raise was a start, if you think that's all we need, I'll have what your having. Regardless, if they can get this warrant money, they won't have to deal with the sharks until the market comes out of these doldrums and headwinds that many analysts and fund managers are all talking about (first half of 2023 at least). My guess is with all the warrants coming in, we can get to 2024 unscathed dilution wise since all these warrants were baked into all the pies already. At the very least, they don't have to go begging for more funding, it's all lined up with previous investors. The last raise was a reality check, things are tough out there.
SP