Thursday, November 04, 2021 8:15:37 AM
I included the unvested restricted shares already issued. For all practical purposes, executive shares will vest.
issued shares 12,740,853
Novitium shareholders 2,466,667
Novitium PIPE (to Ampersand) 736,811
Restricted stock 627,991
total shares before new shares 16,572,322
Bottom line is that this is not a dilutive giveaway. At $50/share most of us would have been clicking our heels a month ago and will not add to the short term pressure of added debt and related covenants.
Very smart move by them. Your knowledgeable input has really helped.
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