Post by
Imajined on Oct 15, 2024 5:54pm
Newco shares were oversubscribed
As per the earnings call, if you asked for all cash you are getting all cash. If you asked for all shares you are getting 2% cash and the rest in share. If you asked for the split you are getting the split.
Comment by
SidelineSitter on Oct 16, 2024 1:49pm
So, what happens if you did not put in a preference? SS
Comment by
Imajined on Oct 16, 2024 8:05pm
If an election was not made you were deemed to have elected the share consideration, which was subject to proration so you will receive 2.7% in cash and the rest in shares of the new company.