$AYTU so AVTX leadership gifted Jeffries and RBC Capital Markets 12.5M shares priced at $2.20 to: a) reward them for helping develop and finalize a significant corporate business deal, b) arm them with cheap shares to short the stock back down to a SP range after an expected spike, c) provide shares that can in turn be sold at a discount (even with a small ibanker's premium on top) to other tute friends, or d) as a normal course of business to fund general business purposes.
@Thil1 @Hilarryanne @SWICH could very well be all of the above to a degree. Jeffries handled the last offering and Boyd purchased. They can also use "stabilization methods" to basically manipulate the SP that includes short sells. MA at this point in time is unlikely IMO but could theoretically happen.