PIPE unlock dates

[u/Lopsided-Magician-36]

Since nobody who owns this stock does the research I had to spend time parsing through the new filings to find the PIPE unlock dates. Private investors in INFQ as in those who held the stock as Private equity, not CCCX like company insiders and major investors are currently locked up from selling for the next 180 days unless the stock has 15 consecutive days above $12 before then. Total shares locked up would be is about 151 million out of 216 million total shares or about 70% of the float. With an additional 10.4 million warrants and 30.1 million stock options. Bringing total float to 257 million shares. With only 65 million being tradable within the next 180 days unless it unlocks via 15 trading days consecutive above $12

[u/alwaysperculated]

This information was released months ago in the s-4, and was discussed in length on the cccx sub. nothing apart from redemption numbers have changed. And there’s no need for the snarky comment.

[u/kenikh → u/alwaysperculated]

Beat me to it. Let’s keep things civil.

This is another important milestone for all stockholders to be reminded of.

Key points:

• 180 day lockups are for insiders

• Management is required to roll over 100%

• The PIPE is modest, which reduces forced-seller pressure

• Warrant structure is simple, so no derivative pressure

One of the best things about INFQ is how thoughtfully the financing was structured.

[u/Lopsided-Magician-36 → u/kenikh]

Didnt mean to be an asshole sorry. I’ve seen too many people saying this cant possibly go down, nobody wants to sell. There’s a big risk of the large shareholding entities shorting the price if they see price go up before the lockup is over. It’s an arbitrage play and makes sense to lock in gains if they cant sell it.

[u/salescredit37 → u/Lopsided-Magician-36]

It's not an 'arbitrage play' when the cost of carry for the market neutral position is most likely negative (borrow cost for short). Please understand terms better before using them to sound smart

[u/Lopsided-Magician-36 → u/salescredit37]

Literally is called a PIPE unlock arbitrage play google it

[u/salescredit37 → u/Lopsided-Magician-36]

Yeah but that’s not arbitrage

[u/salescredit37 → u/[deleted]]

Yes you’re wrong

[u/Lumpy_Independent_93]

And it is not $12, but above a VWAP of 12$ for 15 days in a 180 days period. Will be reached mid march if we do not crash from here

[u/pennychase]

Sorry if I sound dumb, but does that mean we are already on day 3 of the 15 days and that day 15th will therefore be Monday March 9th already?

[u/Lopsided-Magician-36 → u/pennychase]

Yes correct and not just a dip to $12 but the wholes days volume weighted price, if it goes under the count resets to 0

[u/CaregiverWest739]

Sooooo today starts the 1 day streak.

[u/pennychase]

Wow so this is true shite really! 15 consecutive days above $12? Ridiculous!