Apr. 4 at 9:20 PM
$DFNS
You cannot confidently say DFNS “only paid
$5M in total.”. The initial proxy structure for a total consideration for 100% of Star26 was:
4,770,340 shares
12,017,648 warrants
$19,000,000 notes payable
$8,000,000 cash
for total purchase consideration of
$65,634,341.
An update changed this to
$5 million in cash and a
$16 million investment note in which they cancelled. But just because we don't have the filings on shares issued, warrants issued and total equity consideration; does not mean we can write it off, and I am sure you know that as well.
Also, I can't find any DFNS filing Star26 annual revenue to be
$10.75M.
