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Sunday, October 29, 2023 7:56:12 PM
There is no influx of cash yet, the market cap just reflects the 45 Million shares that were printed at $10.
I don't think leadership has their shares yet, and if someone were to attempt to buy 10M shares in the morning, it wouldn't fill since the entirety of the 45M shares is and will be locked until the determined lockup period is over. We will have our shares when the dividend period is over, but we won't be able to trade them until the lockup is over, so that part doesn't matter. Implied shares now are almost 49M, so that part is done and just set for the first day on Nasdaq.
As far as the closing, others have said the 10Q's have to be complete and ENZC has to be audited... I don't think the 10Q's have to be complete because SAGA won't exist after the closing, and I do think all the ENZC paperwork is done since Gries completed 2020 and 2021 quickly, so why would 2022 take so long?
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