Global Digital Solutions Inc (GDSI)

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I am reading the acquisition consideration a bit differently - the $26 million in stock is a one time payment on the closing date - you'll see that it states the stock amount will be "used to repay institutional debt outstanding as of the closing date" - in this case there must have been a valuation made of the value of the post- merger stock. They are saying they think it will be worth $1 per share. I don't see any other explanation unless there will be an RS which would increase the PPS just by reducing the number of outstanding shares..

The earnout is not tied to the $26m stock - the earnout is a cash based payment based on EBITDA.