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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Technology Semiconductors
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

Intchains Group Ltd > flow-through shares
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Comment by goldhunter11on May 13, 2016 1:23pm
168 Views
Post# 24871003

RE:RE:RE:RE:RE:flow-through shares

RE:RE:RE:RE:RE:flow-through sharesHere is the situation:
- by 23 May we should know the final tally for the forced wts, presumably they have been almost all exercised by now (one week to go) since they are all in the money. Gross proceeds: ~$11M
- FT:  23.1M plus 15% extra allotment  = 26.6Ms @ ? for a  total of $23M
- PP: 8.5Ms@ 0.59 for a total of $5M (plus $23M = $28M)
- ELD: They will top up to maintain 15%ICG. Currently they have 60.17Ms, so they would need approx more than 6.5Ms to maintain the 15% @??? (was the price part of the agreement they already have with ICG?). More cash (say 6.5M x $0.68 = $4.4M) in the kitty for ICG and a bit more dilution.
- 21.8M Opts: ? Let's leave them aside for now.

Grand total: 11+28+4.4 = ~$43M extra cash over and above current cash (of ~$40M?) = $83M
The math above looks reasonable?
GH
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