Niocorp Developments Ltd (NB): As I understand it, since Niocorp is "bu...

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Niocorp Developments Ltd (NB)

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Re: Boilermaker1 post# 83402

Monday, 09/26/2022 1:35:41 PM

Monday, September 26, 2022 1:35:41 PM

As I understand it, since Niocorp is "buying" the SPAC, they will assume their shares outstanding in addition to what's outstanding for niocorp. There will then be a name change to the GX on the NASDAQ. If I'm thinking correctly, it is pretty genius because it will be minimal dilution and then Niocorp will own the cash that the SPAC has on hand. So maybe 310 million shares outstanding if all is said and done? I'm going based on what someone GX said had outstanding

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