Animoca Brands to acquire blockchain fitness company Lympo, page-4

.... the higher of A$0.25 or the market price of the shares as of the closing date of the Acquisition....

@25c a share ...

did I get that part right?

if yes, the Lympo holders will get AB1 stock at a price of 25c consideration or if it is trading at a higher price (Say 30c) then at that higher price... so the floor is 25c, is that correct?