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Technology Stocks : Blank Check IPOs (SPACS)
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To: Glenn Petersen who wrote (3349)2/22/2021 9:19:47 PM
From: Thehammer  Read Replies (1) of 3862
 
CCIV is down $17.36 in after hours trading to $40.01.

I wonder what all this does to the transaction:

The transaction includes some $2.1B in cash from CCIV and a $2.5B, fully committed private investment on public equity (PIPE) with an investor lock-up provision that binds holders well beyond closing. The PIPE is priced at $15 a share (a 50% premium to CCIV's net asset value) with an implied pro forma equity value of $24B.
Looks dilutive to me....
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