Jun. 27 at 8:58 PM
$SKYT Updated SKYT-to-IONQ Conversion Tracker: "What if SKYT acquisition closed June 26?" Update to my May 29 post on YF, chart construction is discussed there: https://finance.yahoo.com/community/u/davidpa/#posts.
If June 26 had been the acquisition Closing Date, SKYT shareholders would have received
$31.40 per SKYT share... ITP =
$62.74 (above 60.13 collar) --> 20/60.13 = 0.3326 IONQ shares, valued at
$49.31/share (June 26 IONQ closing SP) =
$16.40, plus
$15 cash. Decline in SKYT exchange value is due to decline in IONQ SP, currently IONQ SP < ITP. Note that SKYT SP closed June 26 at
$34.92, greater than the conversion value of
$31.40 per above, indicating a negative risk spread.