RE: MURF 7 Sept8 Aug 2023 23:46
CIZ put option value $10 base equates to $12 based on MURF base case with 65,000,000 Conduit shares in issue. CIZ could do much better than expected if US markets like it and buy in on listing.
The base-case valuation of Conduit, according to a valuation advisory and consulting firm engaged by MURF, is Seven Hundred Seventy-Nine Million Dollars ($779,000,000).
With each share of New Conduit common stock being valued at $10.00, Conduit’s outstanding ordinary shares (including the ordinary shares issued upon conversion of all outstanding convertible debt, which conversion shall have occurred prior to the consummation of the Business Combination) will be converted into an aggregate of 65,000,000 shares of New Conduit common stock (the “Closing Payment Shares”)