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kellyemmerson

10/16/23 10:46 AM

#2206 RE: janeyH #2205

There are approximately 3.0 Billion shares outstanding not including the $25.0 milliion to Morgan Stanley
So, at $.02/share the current market cap is $60.0 million.
You add in the $25.0 million of debt and that comes to $85.0 milllion
The valuation seems fair.....haven't done a deep dive on how much we (sanuwave will have after the merger. I'm assuming the spac sponsors will retain 20%
So, yeah...these numbers seem right