ITUP shareholders will basically own a roughly 20% stake in every SPAC. And there will be a stock dividend if you recall. It should be similar for BIOT.
ITUP shareholders will also own a roughly 40% stake in the operating companies that will be merged with the SPAC's. Like Masala Agri Corp (will be huge) and many others, perhaps Masala Capital as well.
That's basically the setup.
The shares that you bought for $0.15 will result in a massive stake in Cow Capital eventually. That's of a different magnitude IMO. But you mentioned you own 9,000 ITUP shares too. So your stake in BIOT will be significant as well. Let's see how it plays out. It depends on a number of factors how that will be valued. But it;s going to be interesting for sure.
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