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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Post by tabmanon Sep 04, 2014 5:15pm
209 Views
Post# 22907346

Lets Reduce the dilution

Lets Reduce the dilutionMy understanding of this deal is 5.75m / 0.23 = 25m shares so at 0.3 it becomes 5.75m / 0.3 = 19.17m shares to be issued and at 0.46 = 12.5m shares to be issued. This is all based on the ave weighted price for the 5 days preceeding the closure of this deal.

In turn this will leave less stock for the receivers to sell at a later date.

Its in our interests therefore to keep the price for those 5 consecutive days higher or am I missing something here.
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