Dec. 6 at 4:38 PM
$TBH might be one of the cleanest 2x setup into Q1 2026: they just-filed S-4 and Newbridge fairness opinion value the post-merger entity (TBH + House of Doge, the official Dogecoin commercial arm) at
$1.09B, with legacy TBH holders retaining 7.2% ownership (fully post-dilution, baking in all 663M new shares issued to HOD for their 92.8% stake and no further warrants/options/convertibles per the pro forma cap table)—that's
$78.5M NAV across 49M legacy shares -
$1.60/share the moment the deal closes (expected Feb/Mar 2026 once the S-4 goes effective). Trading at
$0.76 today, that’s 110%+ pure merger-arbitrage upside backed by filed math, zero revenue fairy tales, and every incentive aligned for closure—easiest hold I’ve seen in this tape if you believe the deal gets done. I will hold and average down. JMO DYOR