Post by
MortgageFree on Sep 13, 2020 10:31am
Amended deal
Let's use 10,000 shares of Acreage as an example. Under the new deal 70% of these shares would be under the newly created class of fixed shares. The other 30% of Acreage shares would be under the newly created other class of shares which are floating shares. So 10,000 shares multiplied by 70% is 7000 shares which would be converted into 0.3048 Canopy shares once the triggering event happens. So 7000 fixed shares of Acreage multiplied by 0.3048 is 2,133 shares of Canopy once the triggering event happens. Canopy would then have the option to buy or convert the remaining 3000 floating shares of Acreage at the 30 day average trading volume between both companies. Please advise if I'm missing something here.
Comment by
geodcan on Sep 14, 2020 2:34pm
Where did ya go? C'mon and take a shot at the math! Anybody?