Jun. 26 at 11:26 PM
$ON BIG REPRICING EVENT:
Massive downside pressure today, stock down ~21% as the market reacts sharply to the all-stock acquisition of
$SYNA.
The core issue isn’t strategic direction — it’s structure. An all-stock deal immediately raises dilution concerns, and that’s exactly what shareholders are pricing in right now.
Long-term logic may still be there, but near-term optics are clearly negative.
A cash or hybrid structure likely would’ve softened the reaction significantly.
For now, the market is voting first on dilution, not synergy.
