$KTOV I am trying to nail down the finish line here. @melissascrookedtooth or anyone else who thinks they can hunt down SEC info or SPAC info or filing info, or other instances of this type of thing happening, please poke holes in this theory.... I need to figure out exactly how these shenanigans will go down.... any way reading on SPACS, they usually do cash and share deals, which is convenient for us considering ours has to be 80/20 so neither boxer capital or Lilly has to pay taxes. In that case the merger or BCTG and kitov through an Israeli shell merger sub would result in an influx of 215M of cash to all kitov share holders. Kitov would be absorbed and the combo company would exist as a wholly owned subsidiary in Israel. We’d see around 12.50 a share in cash. The other 80 percent would be stock. At a 5:1 BCTG stock payout, we get 5 shares of BCTG for every 1 share of kitov on top of the cash. This would increase the OS count of BCTG-ktov to 107M. At 10 a share that’s a mkt cap...
  • 24
24 Likes