Jul. 14 at 3:23 PM
$CCCM alright, since no one has done this yet, I gave grok all the links to the SEC filings for the spac S-1 and the buisness combination agreement with procap btc llc. this is grok's answer on how much CCCM shareholders will benefit from a rise in BTC from now until the closing of the business combination. For a 40% BTC price increase (e.g., from
$121,500 to
$170,100), CCCM shareholders’ investment would increase by 14.43% (e.g.,
$10,000 to
$11,442.97 for 1,000 shares), due to the 15% allocation and dilution (Adjustment Shares Allocation: 15% to CCCM shareholders, 85% to preferred equity investors (per presentation and 8-K)) across 25 million shares (20,000,000 Class A + 5,000,000 Class B, per S-1).
So it seems the bears were right to point out that investing in CCCM gives you very little benefit to BTC price appreciation from now until the closing agreement. However, there is a price floor due to the redemption option of the spac, which is around
$10. muted upside, limited risk.
