Niocorp Developments Ltd (NB)

[SpecialK2020]

Good article for everyone to read. I'm not necessarily worried about niocorp shareholders voting to approve the deal (I will be approving), but more so about the GXII shareholders redeeming. That seems to be more of the trend with SPACs in the past few years. Interesting excerpt and then link below. As some others have pointed out, Yorkville is here for the very reason of potentially high redemption rates:

"Another SPAC redemption case that garnered significant publicity was popular online content and media platform Buzzfeed and its business combination with 890 5th Avenue Partners. Before the transaction closed on Dec. 4, 2021, 94.4% of the SPAC's shares were redeemed, an unexpectedly high percentage. As a result, Buzzfeed only managed to raise a meager $16 million out of an expected $288 million. However, Buzzfeed had also arranged a concurrent $150 million convertible debt financing round led by Redwood Capital Management to provide a cushion of capital."

https://www.reuters.com/legal/transactional/high-redemption-rates-see-spacs-relying-alternative-financing-2022-01-14/