$THCB best source for institutional ownership? I’m seeing: Nasdaq: 75% MarketBeat: 72% CNBC: 77% CNN: 78% Additionally, according to THCB’s DEF14a, insiders hold 7.8M shares, or 22.2% of the outstanding stock. The DEF14a indicates they need 65% of the total shares to vote in favor of extension. With institutional ownership, assuming those above numbers are in the ball-park, combined with 22.2% insider shares, the extension is a virtual lock. That said, if you hold commons- please for the love of money- VOTE. Don’t just assume they don’t need your vote. All that said, I’d say the extension risk is minimal to none. Gives them almost 5 more months, to April 30th to consummate the merger.
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