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Re: Patswil post# 705935

Monday, 01/03/2022 9:10:08 AM

Monday, January 03, 2022 9:10:08 AM

Post# of 796156

The govt can't be a shareholder


79.9% is the critical limit. If the government additionally converted the SPS into common shares, this limit would be exceeded. Therefore, it can also be argued that the warrant exercise (advocated by Ackman) prevents an additional SPS swap.