Please correct me if I am wrong, but that SLC deal sounds one of desperation.
You basically hand over ~ $10m in the form of shares to Origin for 130k customers and a further $30m of shares provided Origin meet customer growth milestones which i assume that this means achieving 600k customers by 2026. Basically $66.67 per customer.
Then give them an option to buy 10% of the company within the next 12 months at a price that is convenient to Origin.
Well played Origin, you can see which company was the weaker at the negotiating table. To bring a halt to any prospect of a merger with ABB you embed Origin as a near 20% holder (provided milestones are met).
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Last
$2.97 |
Change
-0.140(4.50%) |
Mkt cap ! $877.6M |
Open | High | Low | Value | Volume |
$3.09 | $3.10 | $2.96 | $3.329M | 1.105M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 29023 | $2.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.99 | 8828 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 19023 | 2.960 |
9 | 432730 | 2.950 |
9 | 17125 | 2.940 |
4 | 16306 | 2.930 |
5 | 30369 | 2.920 |
Price($) | Vol. | No. |
---|---|---|
2.990 | 8828 | 2 |
3.000 | 8828 | 2 |
3.010 | 8828 | 2 |
3.020 | 2131 | 1 |
3.030 | 2131 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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