Tuesday, June 22, 2021 7:55:10 PM
that means, some big Hedge Funds wanted on the DEal to get the new META Shares, that get exchanged 1-1 for TRCH shares on the M&A Close (June 30th). They paid 100,000,000 / 11,738,345 = $8.52/share.
IMO, It is a Deal to Buy TRCH at $6.60 now to get a META Share that will be valued at least $8.52 per share on M&A Close. And I am not counting the additional "1 Preferred Share/ 1 Common TRCH Share" that you get that reflects the Dividend to be paid.
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