#BnplGoingToZero, page-454

Sezzle is virtually bankrupt and there is a clause in the agreement that they can't sell to anyone else whole Zip transaction is processed and they have to pay Zip substantial amounts of it falls through.

Goldman Sachs fund warehouse facilities for both companies and they could not let Sezzle go bust as it has a knock on effect for all BNPL.

Much like a magician uses Misdirection on stage to make you look at something else while the illusion is going on in the background, the "deal" was just a misdirection to take the focus away from abolutely horrendous results for both companies and allow GS to reduce their exposure and to come up with an excuse for Zip to raise more money rathar than admit it was for working capital as they are losing money hand over fist.

The deal does not make any sense at all and Id say it would be 50/50 on it going through but insiders will have sold significant amounts of stock by then