The blanks have been filled in in today's 424B5.
Net, net on 5 million = 43.39.
Net net on 5.75 million - 43.397
Closing before announcement = 47.00. They net 92.32% of pre announcement closing.
They would be better off reinstating their drip with a 5% discount. That would generate a quiet flow of new equity and the current shareholders would not be hammered with the secondary discounts.