Key transaction terms of the business combination:
The pro forma enterprise value of the combined company is up to US$94 million, which includes up to US$54 million of cash held in the trust account of Redwoods, which is subject to redemption by Redwoods stockholders. These values exclude up to 5 million of additional earn-out shares that would be issued to ANEW stockholders if applicable stock performance-based requirements are met. The transaction, which has been unanimously approved by the boards of directors of ANEW and Redwoods, is subject to approval by their respective stockholders and other closing conditions.
march 31st 10-Q for RWOD never happened until May 24th, NASDAQ had to send them a delisting letter to get that 10-Q out, not trashing just pointing out a 10-Q almost 2 months late on NASDAQ is a red flag
straight from those 63 pages filed with the SEC:
“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.
What is the difference between equity value and implied equity value? ($60,000,000 was the "implied equity value")
Enterprise Value vs Equity Value: Complete Guide and Excel ...
For example, Implied Enterprise Value is what you believe the company's Net Operating Assets should be worth to all investors. On the other hand, Current Equity Value represents the market value of the company's Net Assets to common shareholders right now, according to the stock market.
beware of the pump it will leave you in the dump
