Mar. 27 at 2:03 PM
$OGI People freaking out about 96M new shares.
Read the actual cap table.
On close?
Only 6.5M new common shares issued.
That’s 4.7% dilution.
The rest is preferred shares, FX buffers, and earnout shares that only get issued if Sanity hits €143M revenue in the next 12 months.
And if Sanity hits those numbers?
The earnings accretion more than covers it.