Post by
zzcomic on Nov 09, 2023 11:15am
Question Damon Motors going public.
So Damon motors announced that it's going public via reverse takeover with Inpixon. Damon estimated at $225-$284 million. Lets just say $250mm. Inpixon market cap is a little over $10mm. So if they join together ( approx $260mm ) and go public, Damon gets 81.25% of new company and Inpixon gets 18.75%..... So why is Damon putting in 96% of the value to only get 81% of the resulting company. Also House of Lithium..... If SOL put all their shares of Damon, Tevva into HOL to form the company, why do they only own about 62% of the company...... WHO owns the other 38% and wtf did they put into the company. Their press release states they "contrubuted" their shares into HOL.... No answers from the company on either question.....