Amarin Corp Plc (AMRN)

[ppnlf]

How do you see that the entire 7.7million shares belong to the funder of Corsicanto?

If that was the case (& it may be) then why wouldn’t the $30m of convertible funding have been issued directly to Amarin by those investors rather than by Corsicanto which is a wholly owned subsidiary?

Would seem more likely that Amarin control the timing of sale of those shares into the market. They have to pay something to the founders of Corsicanto but not necessarily all or even most of the current value.

The strike price was weighted average in excess of $5.05 for 20 days. That would imply a target PPS on exercise of maybe $10 (someone can calculate the break-even price at which one or the other would exercise).

So value in the PPS above that would accrue substantially to Amarin. In other words this adds value to shareholder funds. And ability to raise cash without doing a secondary.