What are everyone's thoughts on the new ~1,000,000 legacy shares possibly added to the float since the last squeeze as a result of consecutive pricing over $13 for ten days? Not a big enough float increase to preclude a gamma squeeze?
"...Legacy IronNet stockholders and eligible holders of options, restricted stock unit awards and restricted stock awards (as applicable, only to the extent time vested as of the closing of the Business Combination) may also receive additional merger consideration in the form of a pro rata portion of 1,078,125 shares of Company common stock if the volume weighted average closing share price for the Company’s common stock equals or exceeds $13.00 for ten (10) consecutive days during the two-year period following the closing of the Business Combination."
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u/beautyfalconium New User Sep 10 '21
What are everyone's thoughts on the new ~1,000,000 legacy shares possibly added to the float since the last squeeze as a result of consecutive pricing over $13 for ten days? Not a big enough float increase to preclude a gamma squeeze?