so LMFA will own 20% of the blank check company that will be listed on NASDAQ as “LMAO”.
LMAO IPO would be 75 million units at $10 each.
As LMFA stock holders we not entitled to anything but LMFA stock.
At IPO of LMAO, LMFA value should be 20% of $75mill or $15 mill.
If LMAO is valued at $10 per share that adds $15 mill to LMFA.
When LMAO increases to $15 per share then LMFA should increase to 22.5 million.
If LMAO reaches $20 per share then LMFA value should increase to $30 million.
Current market cap approx 37mill.
There should be plenty room for upside post merger + hype.
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