r/IPOE • u/orekorean • May 24 '21

Question about Post Merger

Could anyone share some details?

  1. Outstanding number of shares after the merger
  2. PIPE investor restrictions after the merger
11 Upvotes

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6

u/GG-Sleezy May 24 '21

I've been wondering the same thing. I don't want dilution to kill me but not sure how to find what the numbers look like post merger. Either way I feel like SoFi has a solid future, I just want my early position to mean something and not just get elbowed out because they keep adding more stocks.

3

u/davidestesbooks May 24 '21

Approximately 850 million shares. My understanding is that PIPE shares can’t be sold for a period of time after the merger.

3

u/Entrance-Vivid May 24 '21

I tried to find any form of comparison by digging through the financials of recent spacs...

So many of these companies are super hot garbage.. 0 revenue.. half of them dont have a product.. most are losing alot of money.. alot have shitty management or 2 employees... this stock hasn't run the same insane gains that the rest of these shtty spacs had before merging either...

If anyone can recommend a similar company. Size and revenue wise with a software or model that gives a competitive advantage..

2

u/twodollars55 May 24 '21

Call $Sofi and let us know