My speculation is that the pending acquisition was
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Posted On: 04/21/2022 1:15:35 PM
My speculation is that the pending acquisition was originally structured as an all stock purchase but as the stock has fallen so far $$$ were needed to compensate the pending acquired.
As for the warrants they are locked up for six months. So if they are in the right hands the buyer expects to exercise them when the stock price is much higher. If they were placed in the wrong hands (potential shorter) they wouldn't have paid market price for them...they would have wanted a better "deal" and they might have refused a lock up period. To risk putting a little lipstick on the supposed pig (sorry) VERB will someday receive money when the warrants are exercised. That is a plus.
More speculation but it would not be shocking if the institution buying the deal is supporting the price today...after all they just paid $0.75 so anything less is a bargain. And they know the company inside and out......they did their extensive DD. And they knew the stock would see downward pressure when the deal was announced.
All FWIW.
As for the warrants they are locked up for six months. So if they are in the right hands the buyer expects to exercise them when the stock price is much higher. If they were placed in the wrong hands (potential shorter) they wouldn't have paid market price for them...they would have wanted a better "deal" and they might have refused a lock up period. To risk putting a little lipstick on the supposed pig (sorry) VERB will someday receive money when the warrants are exercised. That is a plus.
More speculation but it would not be shocking if the institution buying the deal is supporting the price today...after all they just paid $0.75 so anything less is a bargain. And they know the company inside and out......they did their extensive DD. And they knew the stock would see downward pressure when the deal was announced.
All FWIW.
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