Saturday, February 20, 2021 11:26:50 AM
https://seekingalpha.com/article/4396875-spacmania-buyer-beware
...in correlation to this (specifically pages 51 & 52)...
https://investors.archer.com/files/doc_presentations/Investor-Presentation.pdf?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link
...you'll see that 84% of the shares will be locked up. Furthermore, based on SEC filings, 53% of the remaining 16% are held by institutions.
So from my understanding, this is the breakdown post merger...
375 million shares will be outstanding with 315 million shares locked up; leaving 60 million shares floating. Of those 60 million shares floating, according to SEC filings, 32 million shares are held by institutions, currently leaving 28 million shares in the pool for retail and/or more institutional interest. The final float will be small, so be ready for some major price swings.
Just some DD I thought I'd share. As always, enter at your own risk, and good luck.
P.S On page 48, look at the potential targets...they're are huge!
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