Replies to post #509717 on Mr Cooper Group Inc (COOP)

[nranger]

Mordicia says in post 509626

"There is a condition to the merger happening as I posted this morning. WMIH must be approved for listing on the Global Select Market on Nasdaq which requires a minimum bid price of $4.00. WMIH cannot get that listing unless the minimum bid is at $4.00 when application or approval is made imo. If it doesn't then there is no merger unless NSM would waive this condition. Given that it takes 6 weeks for this process, and the merger agreement gives WMIH 90 days to do so, it is logically to assume something is going to cause the price to rise to $4.00. And per the merger agreement a reverse split cannot be done to get to the $4.00."

I see now that there are only 90 days to reach $4.00.

Several posters have wisely outlined how this can be achieved. J'm sure the players who put this merger together can see us at $4.00 in 90 days, but it makes me nervous. It's like something is a done deal then you suddenly find out all the conditions have not been met yet and the stock has to triple in value in only 90 days to validate the merger.

[JusticeWillWin]

The NASDAQ Global Select Market requires $4 minimum bid price. Have a look at the NASDAQ initial listing guide, table Global Select Market. I have linked it in this post

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138632981

And the merger documents say the merged company must be listed at the Global Select Market. That's why this $4 number...

N ranger

Any idea how they came up with the $4.00 number?