Looked at the agreement. Doesn't look like that is a condition on the merger going through. It's just a restriction on Sezzle's ability to raise equity.
Cash flow report indicates they burn through 20M of cash a quarter. So another 2 quarters to go and that's 40M which is no problem given the 60M they have on hand.
You'd think Sezzle will be very keen for the proposal to go through so they will make that 60M work and if they need more cash, find another way of geting it. I don't think this is a problem. Definitely not one that justifies the discount. Appreciate the comment though. I'm not trying to say there isn't valid reasons for it, just not ones that I'm aware of so appreciate you pointing out something I hadn't considered.
Looked at the agreement. Doesn't look like that is a condition...
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Last
$1.69 |
Change
0.165(10.8%) |
Mkt cap ! $1.904B | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.69 | $1.54 | $34.28M | 20.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 107872 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 87594 | 9 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |