CLST Holdings Inc (CLHI)

[Renegades17]

Chain of events



TDS didn't officially have control until after the shareholder vote in December 2020. The capital raise I'm referring to presumably took place in the summer of 2020 BEFORE the merger was official. I say presumably as TDS hasn't released an official PR (to the best of my knowledge), but was advertising an offering on its website to accredited investors up until August 2020. The offering section of their website was taken down after that. We also know from the one investor meeting they did with the guy from Twitter that they had to increase the OS to issue shares to private placement investors. Unfortunately, the Twitter guy didn't explore the offering more to determine how much was raised and at what valuation.

As to what Ben knew and didn't know, I can't say.