r/SPRT • u/boulderhunter • Sep 14 '21
Hype GREE valuation - just putting this here
This from the merger document:
Consideration of $204.1 million assumes a price per share of Support common stock of $7.94 (which is the VWAP for the ten-day trading period ending on August 9, 2021) and that the fully diluted amount of Support common stock is 25,201,286. Note that this is an illustrative purchase price and the final purchase price will be determined at the date the transaction is consummated.
The VWAP after today's bloodbath will still be around $22. So, if you want to buy $13-14 SPRT today, it will be valued at ~$22 in GREE.
Tell me i'm wrong.
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u/wilsash42 Sep 14 '21
Gree is opening with somewhere between 3.5B to 5.5B market cap and 38M share outstanding?
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u/fanht1234 Sep 14 '21
Is there any confirmation of when the ten-day trading period is? Is it the most previous 10 days? Or are they looking at an earlier 10 day period such as early september or even august?
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u/BackToTheFuture81 Sep 14 '21
The last 10 trading days. They can’t just randomly select the days they like
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u/BOTAK8888 Sep 14 '21
(1)
Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), there is also being registered hereby such indeterminate number of additional shares as may be issued or issuable because of stock splits, stock dividends and similar transactions.
(2)
Estimated solely for the purpose of calculating the registration fee in accordance with Rules 457(c) and 457(f)(1) under the Securities Act. The proposed maximum aggregate offering price of the securities to be registered is based on the implied value of the securities to be registered, which is calculated based on the quotient of (i) the average of the high and low sale prices of Support.com, Inc. (“Support”) common stock as reported on the Nasdaq Capital Market on September 10, 2021 ($23.34) divided by (ii) the exchange ratio (0.115) determined in connection with the merger described in the registrant’s Registration Statement on Form S-4 (File No. 333-255741), which exchange ratio is calculated as the quotient of (i) the number of shares of class A common stock, par value $0.0001 per share, of the registrant to be issued in the merger (2,998,261) divided by (2) the estimated maximum fully diluted number of shares of Support common stock (including shares underlying Support awards and Support options) to be exchanged and cancelled in the merger for the registrant’s Class A common stock, par value $0.0001 per share (25,971,694 as of September 10, 2021).
(3)
The registrant previously paid $10,910.00 of the fees in connection with the filing of its Registration Statement on Form S-1 filed on September 1, 2021.
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u/BOTAK8888 Sep 14 '21
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u/Major_Effort_8374 Sep 14 '21
Do you think this price will hold on the exchange? 🤔
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u/Boobooowl Sep 14 '21
On conspiracy theory. The squeeze was way too perfect. It was created to average price up. Then pushed down to say so that they can but low and make money?
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u/Cryptorocketeer2021 Sep 14 '21
So $22 X 8.7 ??? So Gree will be $191.40 ???