mercusio
$NVVE The two board resignations are occurring right during the Sibiu closing—following the conversion of Omnia’s Series B shares and immediately after the bridge loan and warrant exercise, which raised a mere $250K. It smells like a major financing deal and a change of control. Unfortunately, the lower floor price for the Series C shares significantly reduces the fully diluted valuation; the target price is consequently dropping from $40 to $20. A breakout could happen at any moment now. A repricing is inevitable, if only to clear the way for the newly issued shares and the Series C stock.
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