Niocorp Developments Ltd (NB)

[Skiluc]

You are mixing up the SPAC merger, which brings ~$300M cash… with the RS to uplist, post merger, directly onto the NASDAQ.

They are not the same.

And its also fair to state the the Share count exchange with GXII is at 11 because the Spac is trading with only a 30M share count at north of $10, with market value north of $300M. So 11:1 is basically a match between cash value and shares given. Think of it as GXII buying the shares for a flat rate, and they are buying them direct from the company, and they are spending $300m on those shares.

I think for the Cash recieved, the value discrepancy between purchase price and current price is more then reasonable.

It is a complex deal, not everyone is meant to understand just how equal the value of cash in exchange for NioCorp stock. Id bust out the math, but its Sunday, funday.

And just to reiterate. The 11 to one merger with the GXII is not to be confused with the potential 1:10 RS to uplist.