RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Vote G1945V wrote: If you start from the transaction value of $435 Mil on a fully diluted basis it works out this way.
There are approx 990Mil shares fully diluted.
990 Mil X .01165872 = ~11,542,132,000 (exchnage ratio) Canopy Shares
11,542,132 @ set price based on April 7 close is $37.74
11,542,132 X $37.74 = ~$435 Mil
And if we take 990,000,000 shares of FIRE closing price of April 7, 2021, of $0.265
990,000,000 X $0.265 X 1.66 = $435 Mil
The top up to $435 Mil residule conversion is covered by $0.0001 in cash for each FIRE share.
Match game.
G1945V
OR, just look at the aquisition of Phivida by Choom, the ratio they announced did not change when the deal finally concluded. You can't change the ratio once the deal is announced. That would make the terms of all deals irrelevant.