Hi Von Rico,
Thanks for your post.
My thoughts re the deal are that by the time the merger moves ahead the company is expecting that the BMW deal has be ratified and the DFS has been published, (which if financially favourable) would have the current EV of ($90mil minus cash) at a substantially larger number. Company values change. AGY was a 10c stock not that long ago as an example.
I am aware of the challenges of SPAC deals and the possibilities of redemption.
To be honest, if they are able to get the deals across the line and our MC increases I have no issue with the performance shares being issued.
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