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).
Please correct me if I am wrong, but that SLC deal sounds one of...
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Last
$3.75 |
Change
0.030(0.81%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $3.68 | $3.75 | $3.66 | $1.059M | 285.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 550 | $3.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.75 | 3500 | 2 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| ABB (ASX) Chart |