Actually, Ifitlooks, the shares will be worth $6.5MM as opposed to getting 6.5MM shares as you imply. The basic purchase price is $3.5MM cash plus $6.5MM of NEOM stock (plus the debt foregiveness portion related to the bridge loan).
From the 8K:
"The remainder of the purchase price will be in shares of NEOM common stock at the 10 day VWAP (Volume-Weighted Average Pricing) immediately preceding the signing of the Definitive Purchase Agreement."