Sep. 29 at 8:08 PM
$TBMC If they can get this baby closed this was one of the least terrible spac valuations out there. Done at the tail end of SPAC winter, the value at
$10/share is only
$70M . Rights at
$0.25 are telling you that you can buy it for under 20m. It had a 6m ARR exiting 2024 which was ~75% YoY growth. If that expansion continued to this year, you could be looking at a high growth tech company under 2xSales.
*if deal fails rights are worth
$0