By the end of April Ascendis shoud communicate which agreement has been defined with the lenders.
Blantyre and L1 Health should convert part or all their debt into equity.
Ascendis Management then need to obtain shareholders approval.
In your opinion what will be offered to current shareholders in terms of equity? Current shareholders value (market capitalization) is 280 Million Rand.
Trying to obtain an approval offering current value (280 Million Rand) won't be easy.