Without question, how to price an MDA is the most crucial facet of the process. An ill-conceived price range can result in shareholder frustration - or company frustration. Price it too high - you will be inundated with tender requests, leading to an inevitable pro-rata return of shares to shareholders. Imagine the backlash of a shareholder tendering 1,500 shares - and having 1,200 returned to them because of an over-subscription pro-rata trigger? Likewise, price it too low, and you'll get no tenders. You sold your Board on 5,000,000 shares through an MDA - and all you get is 25,000 shares tendered.

These are extremes on either side of a poorly structured and priced MDA. We will work with your team and present our ideal range offer for you to consider. We will price your deal based on your share expectations, and your tolerance for price. It is a fine balance, but one that SRP can help you maintain.