Wednesday, August 24, 2022 2:14:08 PM
At that MOMENT IN TIME, the current price of each pps will be factored into SYROS,
~ 73 million shares of TYME to derive the Reverse Split factor.
Note the use of APPROXIMATE
(~) in the 5th of July merger agreement
~~~~~~~~\\\\\\\\\\?~~~~~~~~~~
Per the terms, Syros (SYRS) will issue ~74.3M shares of its common stock to TYME investors, and TYME stockholders are entitled to nearly 0.4312 shares of Syros (SYRS) common stock for each TYME stock they hold.
~~~~~~~~~~~~~~~~~
At the posting TYME pps wa
-->0.3302.
That pps is devided into SYROS pps where apprx. 2.7 shares of TYME equalled 1 share of SYROS.
On the announcement, SYROS rose significantly from .87 to a buck. We stayed flat.
Pretty close
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