RE: Icon.13 Jan 2023 09:48
The unsecured claim reductions (75%), secured creditor reduction, and the Fund reducing its claim against ICON (by 75%) via the C.V.A. must have been agreed on the back of a future deal. Is it farfetched to think a reverse merger will cover creditor claims in full whilst giving existing shareholders a multiple of the current SP? Thoughts please. I am on the chat to gain more knowledge of how these situations work.