Just read the unconditional offer again. This current merger will result in Naya remaining private and simply recapitalizing. Then SPAC will do its thing keeping Naya alive and well funded but it will eventually terminate and have Naya remaining private. Then the new Immune company will be brought back to life and listed and then soon after merge into the new private Naya project. There will be no liquidity until all that happens which will take a long time. At least the whole year which will take us well into 2025. This makes perfect sense to me. Hula Hula Cuckoo Penny
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