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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Please correct me if I am wrong, but that SLC deal sounds one of...
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Last
$3.59 |
Change
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Mkt cap ! $1.063B |
Open | High | Low | Value | Volume |
$3.60 | $3.64 | $3.58 | $267.7K | 74.25K |
Buyers (Bids)
No. | Vol. | Price($) |
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18 | 17214 | $3.58 |
Sellers (Offers)
Price($) | Vol. | No. |
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$3.60 | 5670 | 17 |
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2 | 1830 | 3.590 |
17 | 16241 | 3.580 |
11 | 17257 | 3.570 |
11 | 9265 | 3.560 |
9 | 30329 | 3.550 |
Price($) | Vol. | No. |
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3.600 | 5861 | 17 |
3.610 | 9723 | 11 |
3.620 | 26338 | 14 |
3.630 | 3768 | 8 |
3.640 | 70411 | 7 |
Last trade - 11.37am 21/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 11.59am 21/05/2024 ? |
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