Thursday, July 02, 2020 5:19:52 PM
2.8M Float was pre-merger, you need to cancel or retire the 42% off the float to adjust for stock incentives of the equal amount distributed to the share holders.
IMHO the float will decrease close to 1.18M from 2.8M inorder to balance the 42% given for share incentives.
The float should not increase in size. In the advent it does it won't make much difference considering management and initial investors hold 51% of Float.
This will still be the smallest SPAC play listed. FMCI expected to go to $150.00 in a year from the current price of $17.00 has a float of 19M
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