RedShoulder
That was my thought at first, too!
I glad that this was a renewal from 2019 and based on the "timing" (thanks Hnbadger for the StkTwits post and info from IR), I first thought that this guy is stupid doing it now! On second thought, it might be that there is an urgency to finalize a deal. I'm certainly not an "IB" but surely they would be able to structure something that makes shareholders happy, maybe with a contingent value right attached to it which would work for both parties.