At one point, I thought there was another SPAC example in which they basically handled the conversion for you. I think it was something like they took the current share price, subtract $11.50, and then you get the equivalent amount of shares. What you pasted is the more likely scenario. There is also an unanswered question about the tax implication and whether there is capital gains involved.
At one point, I thought there was another SPAC example in which they basically handled the conversion for you. I think it was something like they took the current share price, subtract $11.50, and then you get the equivalent amount of shares. What you pasted is the more likely scenario. There is also an unanswered question about the tax implication and whether there is capital gains involved.