Holders Of E2companies Will Own Approximately 97% Of The Combined Company And Securityholders Of Minim Will Own Approximately 3% Of The Combined Company, On A Fully Diluted Basis.
Portfolio Pulse from Benzinga Newsdesk
E2companies and Minim have reached an agreement where E2companies holders will own about 97% of the combined entity, while Minim securityholders will own approximately 3% on a fully diluted basis.
March 12, 2024 | 8:35 pm
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Minim securityholders will own approximately 3% of the combined company after the merger with E2companies, significantly diluting their current ownership.
The merger agreement significantly dilutes Minim securityholders' stake in the combined company to just 3%, which could lead to negative sentiment among MINM investors in the short term. This dilution reflects a substantial decrease in their proportional ownership, potentially affecting the stock's attractiveness.
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