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Thursday, July 13, 2023 10:09:08 AM
Since this deal was negotiated with SAGA while basically a blank check company with no other investments, it MAY be based on the typical SPAC $10/SAGA share value versus market value at closing. If based on market value at closing, adjust accordingly. So, maybe ENZC will receive 25 million (up to 45 million now) SAGA shares for about 80% to 85% of SAGA’s current stock structure
Since the deal isn't finalized yet, the other speculations are interesting.
The prior yellow was a post by Timing101 that basically called it regarding share price bottoming out last September/October.
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