King Johnny
commented on a stock · Jun 29, 2024 23:38
It was expected long ago.
$Bruush Oral Care Inc (BRSHF.US)$One month ago, I reminded everyone on Webull that this company, after announcing a merger with Arrive, released a large number of stocks, attempting to raise funds again before the merger, which was the largest fundraising activity. This behavior angered Arrive's management, as it not only caused losses to shareholders, but also would cause losses to Arrive after the merger, because according to the agreement, existing shares will be converted into 5% of Arrive's shares after the merger. After the first quarter, there was no news of the merger, as Arrive's management rejected the merger with BRSH.
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