|Forum - Wall Street Pit
||Stock Due Diligence for All|
|From: SunTzu772 (Rep: 1143)||Date: 05/11/2019 00:29|
|Forum: Wall Street Pit - Msg #2786478||Thread #674081286 (Rec: 7) |
|11 form 4's filed...Kaixin sold for $454m co. worth $13+/shr - From 13D:|
"Notwithstanding the above, Renren will receive the 2019 Earnout Shares if the stock price of the Issuer is higher than $13.00 for any sixty days in any period of ninety consecutive trading days during an fifteen month period following April 30, 2019, and will receive the 2019 Earnout Shares and the 2020 Earnout Shares if the stock price of the Issuer is higher than $13.50 for any sixty days in any period of ninety consecutive trading days during a thirty month period following April 30, 2019."
10-q out soon - already 23445% revenue growth with RENN owning 78% of the #OS
Per CMSS pr KXIN float is 72.6K
BEIJING, April 30, 2019 (GLOBE NEWSWIRE) -- CM Seven Star Acquisition Corporation (“CM Seven Star”) (NASDAQ: CMSS), a blank check company formed for the purpose of entering into a business combination with one or more businesses, and Renren Inc. (“Renren”) (NYSE: RENN), which operates a used car business and SaaS business, today announced an aggregate of 20,403,667 ordinary shares were redeemed in connection with the target closing of the transaction. The total number of public shares is 232,626, in which 160,000 shares are held by Shareholder Value Fund (“SVF”), sponsor of CMSS, therefore estimated at only 72,626 shares held by third parties excluding SVF.
CM Seven Star is releasing this information so that public shareholders may trade its securities with the full disclosure of the company.
Form 4's filed after May 10 market close -
------------------- "Opportunities multiply as they are seized" -- Sun Tzu circa 500 B.C. -------------------
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