but isn't it a 1 for 8 held purchase opportunity for retail...

but isn't it a 1 for 8 held purchase opportunity for retail investors at 1.02 per share as well?
upside long term dividend stock at good profitability.
contracts equipment and staff in place.
long term income going forward and likely contract extensions.

yes diluted . more shares. but also another business added- operational, making money for share holders.

I am a noob but acquired for 2.5 ebit sounds like a great deal for shareholders, for plant and no goodwill costs...

I must be missing something or have I misinterpreted?

this sounds great to me...