Next Green Wave (fka NXGWF)

[SFInvestor13]

I am trying to make sense of this, and I know it has been discussed in the forum already.

Am I reading this correctly that the share sale price could either be 0.46 or 0.11?

“If the 10-day VWAPof Planet 13 common shares (the “Planet 13 Shares”) on the CSE immediately preceding the second business day prior to the closing of the Transaction (the “Planet 13 Closing Price”) is below C$5.50 but above C$4.06, then the Exchange Ratio will be calculated as C$0.4650 divided by the Planet 13 Closing Price;
If the Planet 13 Closing Price is less than or equal to C$4.06, then the Exchange Ratio shall be 0.1145; and
If the Planet 13 Closing Price is greater than or equal to C$5.50, then the Exchange Ratio shall be 0.0845.”