DeadCatDept
Oct 2, 3:07 PM
$LPA I didn’t call it an ATM. I called it a
$30M facility they can use to dilute shareholders, which is exactly what it is. The SEC filing says LPA can issue shares to New Circle at its discretion and explicitly warns of substantial dilution. I agree the operating business looks good, that’s why I asked. My concern is
$320M+ debt and the potential dilution. What am I distorting?
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