They had $8.2 M but the HB deal required they keep $6M in reserves via the note agreement.
I skimmed the SEC docs and I think they are ear marking some of the money to close out HB, which is about $5.6 M. Doing this by memory, so don't hold me too accountable for the exact numbers.
The last time they did a capital raise the stock was in the $30 range. Certainly current levels are not a desireable level to raise cash but getting rid of the debt and owning the atml assets outright is a rather fast turn around and allows UNXL to move forward growing the business.