Replies to post #24015 on The Rising Influence of Rising Affluence

[DewDiligence]

More on Benson Hill deal:

https://www.wsj.com/articles/plant-tech-firm-benson-hill-going-public-in-2-billion-spac-merger-11620601200

[DewDiligence]

Factoid—BHIL is down 71% since the announcement of its SPAC reverse-merger on 5/10/21.

[DewDiligence]

BHIL -12% on $85M financing and projected 2022 losses:

https://finance.yahoo.com/news/benson-hill-announces-full-2021-110000797.html

The Company expects a [2022] net loss of $148 million to $153 million and adjusted EBITDA to be a loss of $80 million to $85 million, which is a slightly greater loss than in 2021.

…The [financing] agreements define the issuance and sale of 26,150,000 units at a purchase price of $3.25 per unit in a private placement. Each unit consisted of one share of the Company's common stock…and a warrant to purchase one-third of one share of the Company's common stock. In the aggregate, 8,716,661 shares of the Company's common stock are underlying the warrants. The warrants have an exercise price of $3.90 per share of common stock (subject to customary adjustments), were exercisable upon issuance, and will expire on March 25, 2027.