It's scrip, not script.
The US$400m equity value is pure fantasy with an understanding of how these SPAC transactions work - redemption rate would be astronomical given the proposed premium at which point it just becomes an effective redomiciliation.
I am amazed this is still up 20% on the back of this "deal".
Ann: Updated Announcement - Non-Binding Proposal, page-49
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25.0¢ |
Change
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Mkt cap ! $123.6M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 25.0¢ | $108.0K | 427.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 241504 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 38574 | 1 |
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