Implied $1.78 price was based on 25c plus 0.6957 RMS shares when RMS were trading at $2.20 - so ~$1.53/SPR share. If RMS goes up to say $2.50, the transaction price will end up as $1.74 (2.50 x 0.6957) plus 25c, so $1.99.
SPR should now trade almost identically in line with RMS
SPR Price at posting:
$1.74 Sentiment: Hold Disclosure: Not Held
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