Leaving a trail for myself and others who had their spreadsheet models
Previous announcements had "EUR will be issued US$750 million worth of ordinary shares in Critical Metals (approximately 73.52 million shares)... and equal to an ownership interest of approximately 80%"
Today's announcement changes it slightly:
EUR was issued 67,788,383 ordinary shares in Critical Metals at completion of the Transaction and is thelargest stockholder with 83.03% of issued capital
Indeed their valuation calculation confirms it:
"CRML closing price on 29 February 2024 was $US12.38 per share reflecting a value for EUR shareholders of US$839,220,182 (A$ 1.3 billion)".839,220,182 / 12.38 = 67,788,383 shares (held by EUR)
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- Ann: Critical Metals Corp. Completes Business Combination
Ann: Critical Metals Corp. Completes Business Combination, page-9
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