$LEAS/$RWOD Merger: Is this Right? Calculated .057/Share Value.
"be converted into the right to receive a number of shares of Redwoods Common Stock equal to the Merger Consideration."
“Merger Consideration” means with respect to each outstanding share of Company Common Stock a number of shares of Redwoods Common Stock equal to the Exchange Ratio (and with an aggregate value equal to the Closing Equity Value), allocated to the Company Stockholders as set forth on the Allocation Schedule.
1 Share of RWOD / .0057 = 175 LEAS shares will convert to 1 share of RWOD.
175 Shares currently is worth 175 x .0022 = .385. So .385 current value converts to $10. == 26 Bagger.
$10 / 175 = .057/Share == TRUE Value of $LEAS Shares.
“Aggregate Consideration” means, collectively, the Merger Consideration and, if any, the Contingent Consideration.
“Exchange Ratio” means (a) the Closing Equity Value Per Share, divided by (b) the Redwoods Share Value.
== .057 / 10 == .0057
“Transaction Share Consideration” means an aggregate number of shares of Redwoods Common Stock equal to (a) the Closing Equity Value, divided by (b) the Redwoods Share Value.
== $6M
“Closing Equity Value” means $60,000,000.
“Closing Equity Value Per Share” means (a) the Closing Equity Value, divided by (b) the Fully Diluted Company Capitalization.
== $60M / 1045M = .057
“Fully Diluted Company Capitalization” means, without duplication, the sum of the aggregate number of shares of Company Common Stock outstanding as of immediately prior to the Effective Time, determined on an as-converted basis (including, for the avoidance of doubt, the number of shares of Company Common Stock issuable upon conversion of any outstanding convertible securities of the Company).
== Outstanding = 1045M
“Redwoods Share Value” means $10.00.
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