ARIP_CDIM
$WIMI It will be interesting to see how WIMI deals with the 9.99% ownership blocker in the convertible, assuming they choose to convert. They have confirmed that four bondholders exist, so the only way it could happen is through conversion in a series of tranches, with holders dumping as they execute. This is neither an orderly nor a likely scenario. It would be more reasonable for WIMI to cash in their short-term investments, as they mused about in their recent H1 financial update. Bondholders could use that cash to buy the shares at ATL's.
HOLO also shares those opportunities and constraints. The difference is that HOLO never confirmed the specific number of bondholders, just "multiple." They also hold enough cash on hand that they wouldn't need to liquidate short-term investments.
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