Note 11: Includes 340,943 shares of our common stock to be issued upon the completion of this offering pursuant to the conversion of a convertible note in the principal amount of $1,278,536.
KTE currently owns 167,895 shares valued at AUS$1.8M at 76 cent exchange rate, which equates to AUS$0.0073 cents per KTE share
KTE must spend another A$1.68M to covert their notes into 340,943 shares (having previously spent A$1.3M to purchase the notes). at US$8.08 share price, this adds another AUS$0.0149 value to the KTE share price, making 2.2 cents value in total
however, they must raise $1.68M for the conversion
therefore, the current valuation is 1.53 cents, just as you calculated
i am dumb do tried to calculate the long way
.......
for 2.5 cent KTE valuation, the Atomera stock must reach US$11.50