Yeah, agreed. However, the equity deal will deliver more than 23 per cent of Zip to QuadPay's investors, and another 6 per cent to SIG. Initial convertible notes at $5.5 and SIG 19 million warrants at $5.1 Subject to shareholder approval.
Quadpay annualized revenue $70 million that had an +40% reduction in new customers growth for Q1 2020 and 8% reduction in TTV QOQ%. Yes the company was purchased at a premium and it has a larger economic pie for future growth that the SP is considering. If ur long term trader i agree with your growth. I'm thinking a shorter term growth and current cash holdings and required finance capital effects on SP.
Ann: May Trading Update - Another Strong Month During Covid, page-134
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Last
$2.19 |
Change
0.030(1.39%) |
Mkt cap ! $2.809B | |||
| Open | High | Low | Value | Volume |
| $2.14 | $2.19 | $2.12 | $5.984M | 2.765M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 107217 | $2.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 377444 | 51 |
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