Replies to post #354396 on $Rig's Platinum Penny Alerts

[learningthetruth]

GWAC/W...Lovely!

[Billybob_TX]

Although the public SPAC owners only get 7.5% of the merger partner, it is still a heck of a deal.

The transaction values the combined company at an enterprise value of US $2.0 billion.

Good Works, inclusive of its founder shares will own approximately 7.5%

https://www.businesswire.com/news/home/20210305005234/en/Cipher-Mining-Inc.-a-Newly-Formed-US-based-Bitcoin-Mining-Company-to-Become-a-Publicly-Traded-Company-via-a-Merger-with-Good-Works-Acquisition-Corp