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Mcsnacks H Tupack
:
It means they are buying the shares from the offering that closes tomorrow. They pay 239.00 for them and get back 370.45 when they mature or they can exercise them anytime they want for whatever the share price is.
101794991
Mcsnacks H Tupack
:
Can you help elaborate on the part about shares maturing and ARKF getting back $370.45, please? Does it mean for whatever amount of shares that ARKF buys Coinbase agreed to buy back on a so-called maturity date at fixed price of $370.45? I'm trying to understand how that works.
Mcsnacks H Tupack
101794991
:
When they mature coinbase buys back the shares no matter what. Or they are allowed to sell them anytime they want for the current share price. But at maturity they must sell them back.
Mcsnacks H Tupack
101794991
:
Same way people would do bonds. But these are shares instead. And they won’t dilute the other shares until they are exercised. And when they are bought back at maturity they won’t dilute. But if the coinbase price goes up to 371.00 then most of the time they will be exercised and dilute the shares causing the stock to go down
Mcsnacks H Tupack : It means they are buying the shares from the offering that closes tomorrow. They pay 239.00 for them and get back 370.45 when they mature or they can exercise them anytime they want for whatever the share price is.
101794991 Mcsnacks H Tupack : Can you help elaborate on the part about shares maturing and ARKF getting back $370.45, please? Does it mean for whatever amount of shares that ARKF buys Coinbase agreed to buy back on a so-called maturity date at fixed price of $370.45? I'm trying to understand how that works.
Mcsnacks H Tupack 101794991 : When they mature coinbase buys back the shares no matter what. Or they are allowed to sell them anytime they want for the current share price. But at maturity they must sell them back.
Mcsnacks H Tupack 101794991 : Same way people would do bonds. But these are shares instead. And they won’t dilute the other shares until they are exercised. And when they are bought back at maturity they won’t dilute. But if the coinbase price goes up to 371.00 then most of the time they will be exercised and dilute the shares causing the stock to go down