Niocorp Developments Ltd (NB)

[scooter83]

The cantor fee is listed on page F-13

GX Acquisition Corp. II FORM S-1

The underwriter will be entitled to a cash underwriting discount of $0.20 per Unit, or $6,000,000 in the aggregate, payable upon the closing of the Proposed Public Offering. In addition, the underwriters will be entitled to a deferred fee of (i) 3.5% of the gross proceeds of the initial 30,000,000 Units sold in the Proposed Public Offering, or $10,500,000, and ... The deferred fee will become payable to the underwriter from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

The sponsors purchased 5.667 million warrants at $1.5 apiece for $8.5 million dollars.
$8.5 million dollars was raised to pay gxii ipo expenses. Dean and Jay HAD to pay these expenses to fund their SPAC IPO. At the same time getting 5.6 million warrants of Niocorp. Some falsely claim (walterc) that Dean and Jay have some kind of investment in warrants, in reality it is equity stripped from Niocorp to pay gxii expenses.

For example page 73 and 145 from link above:
$6.0 mil for cantor 2% fee
$1.4 mil for ipo exp
$1.1 mil for pay opex

And just to mention, We paid a $5 million fee to cantor at the closing ($2mil cash & $3mil in stock) that only brought us $15 million from the trust fund. That is a 33% commission. Hello Mark?