$2.66 ๐๐๐
The business combination will be effectuated through a holding company structure, whereby Kaival Brands and Delta will each become wholly-owned subsidiaries of Pubco. Under the agreement, shareholders of Kaival Brands will receive 1 ordinary share of Pubco for each share of Kaival Brands common stock they own as of the closing of the business combination, and Delta shareholders will exchange their shares of Delta for $270 million in ordinary shares of Pubco, subject to certain adjustments, at an implied value per share of $2.66, as set forth in the definitive agreement (including adjustment as applicable for Nasdaq listing purposes). Immediately prior to the closing of the business combination, the stockholders of Kaival Brands are anticipated to collectively own approximately 10.30% of the outstanding ordinary shares of Pubco, and Delta shareholders immediately following this closing are anticipated to collectively own approximately 89.70% of the outstanding ordinary shares of Pubco.
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Brubs : Can you tell me what exactly this company does?
73946169 Brubs : scroll over to company, and then profile.
Brubs 73946169 : I didn't ask you. I want to make sure they know what the company does before making claims about the price.
PaulG Brubs : This company did sell tobacco vapes now they are just a shell for a reverse merger. Read the press release.
Brubs PaulG : Again, I didn't ask you. I wanted to hear from the person who posted because they made a prediction about the price.