II forgot to mention, the company's cash position will then be sufficient for 2023 as they presumably get some NRE and sales coming in as well which puts them in a much better position for any future financings than they were through this tumultuous period these last 12 months for raising funds. The timing of the warrants coming in the next 60 days is great for the company and investors also as there's no more warrant overhang as well. (There's a small number of warrants due in Dec 2025)

Our publicly funded competitors are not in as good a position to raise funds, see Rockleys special meeting as they may have to do a massive reverse split just to stay on the exchange. Not to mention they need more cash as 300 million only gets you so far these days.

SP

https://www.marketscreener.com/quote/stock/ROCKLEY-PHOTONICS-HOLDING-65338696/news/ROCKLEY-PHOTONICS-HOLDINGS-LTD-Submission-of-Matters-to-a-Vote-of-Security-Holders-form-8-K-42623669/