it is oversubscibed? Say they got $6 million vs $5 million. That would give them 15 million shares which would be over 1/2 the shares fully diluted. I don't think Beacon is the only one participating as they would have announced a bought deal financing vs best efforts. Saying that if it will close by the end of the month I imagine that they already had most of the funding in place prior to announcing it.