Replies to post #6720 on Dror Ortho Design Inc (DROR)

[Aquahoya]

Thats my though. Honestly, not sure why it would be more than 1 for 10. Give it like a 12 mill float.

[OMOLIVES]

Well, that it is why it will be phrased in a range. It's not a reverse merger.

The Parent will enter into a registration rights agreement with the Private Placement Investors, in substantially the form attached hereto as Exhibit A (together with all attachments and exhibits thereto, as each may be amended or modified from time to time, the “Registration Rights Agreement”), pursuant to which the Parent will agree to register, among other registrable securities (as further described in the Registration Rights Agreement), on Form S-1 (or, if the Parent is then eligible, on Form S-3) with the Securities and Exchange Commission (the “SEC”): (i) the Private Placement Shares, (ii) the shares of Parent Common Stock underlying the shares of Parent Series A Preferred Stock issued to the Private Placement Investors, if any, (iii) the shares of Parent Common Stock underlying the Class A Private Placement Warrants issued to the Private Placement Investors, and (iv) the shares of Parent Common Stock underlying the securities issued to the investors who, on or about December 6, 2021, participated in the $3,000,000 financing (“December 2021 Transaction”).

So we have some preferred that will be locked up(pre consolidation)....and we have $3 Million from previous Dror raise and $5 Million in new private placement(escrow)cash to issue( securities) after S-1 et al. So that is $8 Million plus.

On July 5th, we had a bid/ask spread of .015-.025 and the warrants to be issued have a strike of .033 .... which just doesn't fly.


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