KLDiscovery Inc. (KLDI): "Included in the shares outstanding and...

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Re: HokieHead post# 122

Thursday, 02/13/2020 12:42:48 PM

Thursday, February 13, 2020 12:42:48 PM

"Included in the shares outstanding and weighted average shares outstanding as presented in the pro forma combined financial statements are 34,800,000 shares of our Common Stock to be issued to LD Topco’s shareholders, 360,435 Pivotal public shares which were not redeemed"

Cash from pivotal was about $4 million. Only 360,000 shares were not redeemed. Spac holders took their cash and ran. They couldn't convince any of them to stay in.
Your article is from august 2019.

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