Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per... IVAN

More Consolidation thoughts....

[skydiver069]

There may be other alternatives that would permit the Company to regain compliance without pursuing the consolidation proposal, such as the successful execution of a business opportunity resulting in a material appreciation of the market price of the Company's common shares, but there is no assurance that any such alternatives will be available in a timely manner. If, for any reason, the Company does not regain compliance with NASDAQ's minimum bid price requirements in a timely manner because shareholders do not approve the consolidation proposal or for other reasons the Company's common shares may become subject to delisting from NASDAQ. If the Company's common shares are ultimately delisted from NASDAQ the Company intends to maintain its current listing on the Toronto Stock Exchange.

So, what is the minimum IE needs to have to maintain a Nasdaq listing - $1.00/share?  Just trying to get my head around what sort of reverse-split IE might be aiming to pull off?  Let's assume that's the min $$, I'd assume IE wouldn't let the price just sit on the wire (else I'd bet they'd be in the same boat in a few wks)

Still haven't emailed mgmt yet to probe the consolidation rate, but might do that later this evening.