A company is planning to issue $2\mathrm{.}5$ million ordinary shares and the underwriting spread is $8\%.$ Following due diligence, the offer price has been set to $$20$ per share. Suppose that the offer has not been as successful as expected and only $95\%$ of the shares have been sold. In such situation, considering stand$-$by arrangement, what will be the proceeds available to the issuer?