No insight on this at all but I suspect it’s for capital planning purposes in some way or other and related to recruitment.
At least 2.8m of those will be earmarked for the crowdfunding. There are another 3.1m in shares that are yet to vest under the employee options schemes (see pages 206/207 of the prospectus).
They’re going to continue recruiting so the number of shares yet to vest under the employee scheme will increase. They would want some cushion in the issued vs. authorised shares so they wouldn’t need to go back to the Board on a regular basis to increase the amount of authorised shares.
The extra authorised shares would also allow them to issue the shares in a short space of time if they needed extra cash.