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Mega bullish!
#coinit
Are you seeing this?! π
Launchpad within the new $entropy app when your post hits 100k impressions! π
$$$ what are you going to post first?
.@elonmusk, what if we took @SpaceX public by merging it with Pershing Square SPARC Holdings, Ltd. (SPARC) a new form of acquisition company that was approved by the @SECGov.
We could distribute SPARC special purpose acquisition rights (SPARs) to @Tesla shareholders so that all Tesla shareholders would have the right to invest in the SpaceX IPO, or they could choose to sell their SPARs to someone else.
This would reward loyal Tesla shareholders with the opportunity to invest in SpaceX (or with cash for their SPARs), while totally democratizing the IPO process.
In addition to receiving common stock in SpaceX, exercising SPAR holders would also receive Pershing Square SPARC Holdings II SPARs, which we could use to take @xai public at the time of your choosing.
Pershing Square would due diligence on behalf of all shareholders and would commit $4 billion of capital to the IPO at a fixed price per share.
SPARC has no underwriting fees, founder stock or shareholder warrants, and we would waive our right to receive SPARC sponsor warrants.
The result would be an IPO without any underwriting fees or dilutive securities issued. @SpaceX would go public with a 100% common stock capital structure and it would not incur any transaction costs other than modest legal fees which SPARC would pay from its cash on hand.
We could raise whatever amount of capital you would like by adjusting the exercise price of the SPARs. Assuming we issue 0.5 SPARs for each share of Tesla, there would be 1.723 billion SPARs outstanding including the 61.1 million SPARs that are already outstanding. Since one SPAR would be exercisable for two shares of SpaceX, the SPARs would be exercisable for 3.446 billion total SpaceX shares.
So, if we set the SPAR exercise price at $11.03, SpaceX would raise $42.0 billion, $38 billion from the exercise of SPARs and $4 billion from Pershing Square, or if we set the SPAR exercise price at $42.0, SpaceX would raise $148.7 billion, $144.7 billion from the SPAR exercise and $4 billion from us.
SPARC is indifferent to how much of the shares are primary versus secondary shares giving the company maximum flexibility.
We could do due diligence and enter into a definitive agreement committing to the transaction within 45 days, at which point it would be certain that SpaceX would go public at a fixed valuation subject only to SEC approval of the merger proxy/registration statement. Our commitment to the transaction would not be subject to market conditions.
We could start work right away and announce the transaction by mid- February.
It only seems appropriate that the most innovative and efficient rocket company in the world should go public in the most innovative, efficient, and fairest-to-Tesla-shareholders manner possible.
To Mars and beyond!
What do you say?
4 #BASEAPP invite codes for the taking of anyone is interested let me know in the comments π #onchain #baseposting #coinit
Letβs race through the rest of this year fast, fun, and a little sparkly!
Slinka and Mr. cutie Strawberry on the viral horse of Jacob now is on Zora
@js_horne @zora @base
https://t.co/k3LzVcbP2D
#horse #zora #coinit
I just coined my viral horse image
This was a pivotal moment for me because it was originally minted on zora before it went viral.
When it went viral the market couldn't keep up. It showed me that we needed a more fluid model, and eventually led to us to moving to a pure coins approach.
Comment below which 90βs arcade game you want to see Slinka play next!ππΉοΈ @zora #Zora #Coinit #baseisforeveryone
https://t.co/TZqw1WArc5
Digging this dudes @ZORA content!!!
Help small content creators and small projects as you plow through this bull run!!!
#BASE @BaseHubHB @MemesOnBase_ @Base #Zora #Coinit #CryptoNews #Crypto
$ZORA VORTEX!
https://t.co/ykyVQRsmwP
The cookie has spoken....
Trade Slinka : Fortune cookie today and receive one brutally honest fortune cookie πͺπ¬
Warning: it might call you out π @zora
https://t.co/DhPAY8XpkC
#Fortunecookie #OnChain #Coinit
My marketcap as an content creator on #ZORA is currently $83.4k. It's mostly #BpDAI and #LOSTASTRONAUT but still, it's a wild thing!!!
#COINIT with ZORA!!
Stay tuned for more videos highlighting this new space for creators and builders alike!
Check out
https://t.co/7xNAPEIR5e
@ZORA #BASE @BASE #CRYPTO #MEMECOINS #CONTENTCOINS $ZORA
The Berabaddies are gonna put the met gala looks onchain #coinit
Slinka: Arcade Girl 199X
Pixel, power, and pure mischief.
Press startβif you dare. @zora
https://t.co/CGWW386BZx
#Slinka #ArcadeGirl #RetroVibes #zora #coinit
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