Jun. 11 at 11:04 PM
$MLAC What we know with high confidence:
💥Redemptions:
* 22,846,470 MLAC shares redeemed.
* Approximately 153,830 public shares remained after redemption.
* About
$243.2 million left the trust.
💥Additional merger consideration:
* Seller receives an additional 4,000,000 Class A shares and 4,000,000 Class B shares.
* Half of those (2M A + 2M B) are subject to earnout escrow.
💥Earnout structure:
* 666,667 A shares + 666,667 B shares released at
$13 VWAP.
* 666,667 A shares + 666,667 B shares released at
$15 VWAP.
* 666,666 A shares + 666,666 B shares released at
$17 VWAP.
* Earnout period extends up to 5 years.
