the language in the filing is a typical boilerplate justification for splits used by companies with huge outstanding share counts, and IHGO definitely ain't that.
maybe their goal here is to scare retail out of the deal, then issue large blocks of shares for some sort of conglomerate, one subsidiary after another, once the initial entity is merged in...
with a post-split initial OS of 1.8M shares, maybe when they are done the entire company will have 50M outstanding. i'm just sketching this out as a hypothetical, an example.
if so, that's a clear motive for the RS. pretty ruthless, but bullish. ;-)
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