u/drsunnyday

Just read the august 3 announcement about the early closing of the 1.4 billion notes and noticed this line:

“The number of shares of common stock issuable in the exchange will be based in part on the average volume weighted average price of the common stock over a 35 consecutive trading day references period beginning on august 3, 2026, subject to a per share price floor.”

Two parts stand out of that line to me

“In part” and “subject to a per share price floor”

“In part” suggests there is another way the value will be decided.

“Subject to a per share price floor” means there is likely a cap on the deal.

Has this been discussed or disclosed anywhere?