يارب لا أدري في أي ساعة تقبض روحي وفي أي يوم أغادر هذه الدنيا وحدي ، اللهم ارحمني إذا صرت إلى ما صار إليه الأموات ، يارب أرحمني إذا نسي إسمي وبُلي جسمي ، وهجر قبري ولم يزرني زائر ولم يذكرني ذاكر اللهّم يارب ثبتني عند السؤال واغفر جميع ذنوبي وأكرم نزلي يارب وادخلني جنتك.
@Eyaaaad اياد إني لك ناصح 🤍
يا خوفي عليك .. كلمة متوافق مع الشريعة لن تعفيك امام الله .
" لَعَنَ رَسولُ اللهِ صلَّى اللهُ عليه وسلَّم آكِلَ الرِّبا، ومُؤكِلَه، وكاتِبَه، وشاهِدَيه، وقال: هُم سَواءٌ "
@Abduallh88@SaudiMOH كما لا يفوتني بتقديم الشكر والعرفان للأبن الدكتور محمد سعد المصوري في تذليل كل الصعاب والتنسيق رغم كثرة المراجعين والمرضى لديهم
يعني جاي واسطه ولا كان بتاخذ موعد بعد شهر والم السن متعبك ومن مستشفى لمستشفى وضيعت وقتك وكسبو فيك جماله وقدموك بدون موعد ، وماتبي تدفع وترتاح!!
I woke up to a lot of messages regarding this. And most of what is written here is plain wrong. Here are the facts:
The Lock-up period is correct. BUT the total shares that will be released to the float is NOT 54M. The tradeable float is also not 7M like implied in the earlier post. A lot of what is written here looks like something that A.I vomited out.
Let's get the easy part out of the way, the tradeable float is 12.65M and it's derived from the $WLAC public float. Easy.
Now the lock-up shares:
From the S4:
"
for any 20 trading days within any 30-trading day period commencing after the Business Combination or (iii) subsequent to a Business Combination, the date on which the Pubco consummates a subsequent liquidation, merger, share exchange or other similar transaction which results in all of the Company’s shareholders having the right to exchange their shares for cash, securities or other property (each of (i), (ii) and (iii), as the case may be, the “Lock-up Period”); provided, however, that the Lock-Up Period shall not apply to 10% of the shares of Pubco Common Stock issued upon conversion of the Founder Shares pursuant to the Business Combination.
"
> This means not ALL get released as soon as we clear the conditions above
Here's what actually happens:
The Sponsor holds 4,628,674 founder shares. These are locked up for 6 months after closing. BUT 10% of these shares (~462,867) get released early if BRUN closes ≥ $12.00 for any 20 trading days within a 30-day period commencing AFTER closing.
The Boost Run sellers' 44.15M shares have the same structure: 6 months locked, with 10% (~4.42M shares) released early on the same $12 condition.
So that means from the Sponsor and Sellers, only 4.9M shares get released.
For earn out shares:
Up to 7,875,000 shares across three tiers for Andrew (CEO)
The Sponsor + SPV (a separate vehicle that bought some of the Sponsor's stake) get a separate earnout block of 3,093,750 shares on the same tiered structure.
Total contingent share issuance: 10,968,750 new shares.
The implication for float and outstanding:
The shares outstanding (excluding warrants) simply go from ~61M to ~72M from the earnouts whereas the float goes from 12.65M to 29M. Not 54M getting released like Saso has stated here.
Also bold of you to assume that they will sell all of their shares like some kind of armageddon event. This is not a shitco like $XNDU.
Details here: https://t.co/FFJqfCQoR3
Final thoughts:
The float mechanics are arguably complicated, and it takes awhile to understand, this is why I wrote up the post linked directly above when it first de-SPACed. But it's extremely unfortunate that details can be dumbed down and taken out of context like what Saso has written. I hope this helps.
-Leki