maybe they will run it back to 10$ and if the have some press lined up anything can happen
It's odd. Never seen the PIPE funding affect pre-merging.
Is the pipe funding completed? I’m your opinion
seems oversold at this point.
I’m thinking the common stock is a screaming by down here
PIPE funding news seems to be the catalyst?
And the common is down again today
I was reading some kind of stuff about a forced conversion at the closing being a maybe option. No one seems to know how to read all the endless legal BS, and get any real answers. The GSRM price crash Friday is not normal and the warrants as the close friday are about $4.50/share out of the money. Very strange. And zero news as to why
warrants change to the same symbol with the W attached
In other words you do not know? Might want to read the fine print.
May need to call IR folks to try and get a straight answer, because the filings I dug through were mumbo jumbo CYA, legal ease even I could not nail down (A First).
Anyway, I hope this was just margin call, opps...
Ownership highlights for Depot:
HGC Investment Management Inc. now owns 2,796,937 shares of the company’s stock worth $28,893,000 after acquiring an additional 2,746,937 shares during the last quarter.
Highbridge Capital Management LLC now owns 1,799,496 shares of the company’s stock worth $18,607,000 after acquiring an additional 22,628 shares during the last quarter.
Wolverine Asset Management LLC now owns 1,554,200 shares of the company’s stock worth $15,717,000 after acquiring an additional 101,291 shares during the last quarter.
62.52% of the stock is owned by hedge funds and other institutional investors.
My main thought too, but if not a margin call, what?
How much cash, if any gets used to buy Bitcoin depot shares? If it is a share swap, and not a cash buy out, then are more shares issued diluting GSRM share volume?
What is the combined asset and cash value and final share count post merger.
I read earlier this year the GSRM shares need to be above about $11.30(?) /share price to start to be in the money??
No one seems to know what happens to the warrants right after the merger either..
The warrants are good for another 4.5 years don’t worry those are the golden ticket
Had to be a margin call
Looks like the vote to close merger/acquisition is in 5 days and the deal closes in 7 days, next week
Does any know what actually happens to the GSRMW warrants and when???
I am really scratching my head today, on the GSRM SPAC 25% price hair cut. It started premarket.
Margin call on a large account? Game playing pre market? (It started pre market), so may have been a market sell, pre market or???
Warrants are going right back up, almost green (marking is having it 3rd to 4th red day this week, thanks to the FED party crashing again)
Any sign of news or clue?
Business Combination expected to close on or about June 30, 2023
They are being prgamatic. The SEC and FINRA for that matter have been slow rolling many things based on the politics of their leadership.
So u see this as a positive ?
they see the inept SEC as taking so long they need to put the automatic extensions in place to save time and paperwork for the SPAC.
In your opinion what’s your take on this ?
to allow PubCo, without another stockholder vote, to further extend the date to consummate an initial business combination on a monthly basis up to eight times by an additional one month each time after July 1, 2023, or later extended deadline date, by resolution of PubCo’s board of directors (the “board”), if requested by GSR II Meteora Sponsor LLC, a Delaware limited liability company (“Sponsor”), upon five days’ advance notice prior to the applicable deadline date, until March 1, 2024 (such date as extended, the “Extended Date”), unless the closing of the initial business combination shall have occurred prior thereto;
I agree the GSRM warrants are a rare type and have huge upside if the deal closes...
Yep, this is kind of obvious.
If our SPAC happens they will run it and warrants will run with it
This would explain yesterday’s volume spike
Leading Bitcoin ATM Operator Bitcoin Depot Announces Retail Partnership with GetGo® Café + Market
Big volume again today
Big volume here today
This is some of the craziest stuff I have seen. Just out.
We are going no where fast IMO. Even I have no clue WTF this means. And that almost never happens:
Any one have any clue WTF this means please speak up.
But IMO this will just delay the hell of the SEC OK process???
Well thank god we have till
February 24, 2027
Is on our side
The SEC says "Our service is fast no matter how long it takes"
today's start shows how people feel about SEC process time
Well thank god we have till February 24, 2027
Lots and lots and lots of time
SEC will drag feet. Appears it is in their court as GSR waits approval of filing.