Yes, and how
lich could they have raised with the ATM and the coffers would be filled already, the money situation done and dusted, without sitting now at 1,69 USD. For a 40% haircut you could have sold an awful lot of ATM shares and would have solved the problem already.
This company is financially absolutely mismanaged. How can you close the ATM twice with failures of having the prospectus in place and than close it again to open another way of financing without a FIXED price.
This is as amateurish as it could get.