It’s probably a good idea to read and understand the S-4 before panicking.
Yes there could be a billion shares, but IMO that would be great news because that would mean that every GXII holder participated, and every outstanding GXIIW warrant was converted, every employee option was purchased, all of the Lind options/notes/debentures were purchased/converted, and all of the Yorkville money was taken.
That would add approximately 327 million shares paid for by the holders, over and above the 100% GXII share conversion. Bringing in an estimated additional $300-350 million of proceeds. If that is the case the company would raise approximately $600 million dollars not the expected net $285 million from all GXII shareholders participating.
That also shows that management was spot on with the 700 million share number they stated.
I don’t claim that my math is exactly correct because the warrants, options, and other all have different strike prices. But I should be in the ballpark and I personally don’t see a problem with raising approximately $600 million for this deal.
If you what to check my math all of the quantities for the warrants, options, and other shares are listed in the S-4.
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