Sorry one tiny correction to this @drinking and @TechSpec00 it's $10M (not $20M) total for all three PIPE investors, totalling 9.7% of the company, CRML.
That said, it doesn't dilute the fact that EUR holds more than 80% of the company upon "Closing" and that the enterprise value of these shares are deemed worth $750M.
Further, it all doesn't really matter in the end upon closing as the market will decide what is the value per market capitalisation. So if it's $15.50 per share at market, who is anyone to say otherwise whether that is a rip off or a bargain? That's each to our own valuation. If it remains that way then great for everyone. If it tanks $1 then it's as equally bad for PIPE investors as it is for EUR and all of us.
Also re lock up, here's a screenshot of the special arrangements.
Sorry one tiny correction to this @drinking and @TechSpec00...
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