There are many analyses regarding the hedging of market makers in sbet, and I think it's quite necessary to clarify this, roughly meaning this.
1. The new ATM quota is 5 billion, and the only issue left is the timing of the fund availability.
2. The company has discussed the hedging strategy with the market maker, which allows the market maker to short the market in advance. Assuming that during this decline the market maker's average cost of 30 hedged 25 million shares, valued at 750 million u, the company will subsequently issue an additional 25 million shares.
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