sanitation@lemmy.today to Technology@lemmy.worldEnglish · 17 hours agoSpaceX is buying Cursor for $60 billionwww.businessinsider.comexternal-linkmessage-square67fedilinkarrow-up1188
arrow-up1188external-linkSpaceX is buying Cursor for $60 billionwww.businessinsider.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 17 hours agomessage-square67fedilink
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-26 hours agoIt was all stock. I dont know if it was at a pre determined price, or if they closed it at the intraday price on the day of though. That’s also more shares that will be offloaded when insider blackout periods end
minus-squareKazumara@discuss.tchncs.delinkfedilinkEnglisharrow-up2·edit-25 hours agoIt “was” not anything, as it is still upcoming. They will take a volume weighted average closing price of the seven previous days: At the effective time (the “Effective Time”) of the Merger, each share of Cursor’s common stock and each share of Cursor’s preferred stock outstanding immediately prior to the Effective Time of the Merger will be automatically converted into the right to receive shares of the Company’s Class A common stock based on an implied equity value of Cursor of $60.0 billion and the price of the Company’s Class A common stock equal to the volume-weighted average closing price thereof over the seven consecutive trading days immediately preceding the closing of the Merger (the “Merger Consideration”).
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-24 hours agoInteresting, so they’ve agreed to do it, but at the very least 7 trading days will need to pass to satisfy that, assuming the execution of the option is immediate.
It was all stock. I dont know if it was at a pre determined price, or if they closed it at the intraday price on the day of though.
That’s also more shares that will be offloaded when insider blackout periods end
It “was” not anything, as it is still upcoming.
They will take a volume weighted average closing price of the seven previous days:
Interesting, so they’ve agreed to do it, but at the very least 7 trading days will need to pass to satisfy that, assuming the execution of the option is immediate.