sanitation@lemmy.today to Technology@lemmy.worldEnglish · 16 days agoSpaceX is buying Cursor for $60 billionwww.businessinsider.comexternal-linkmessage-square99linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkSpaceX is buying Cursor for $60 billionwww.businessinsider.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 16 days agomessage-square99linkfedilink
minus-square🌸𝓯𝓵𝓸𝔀𝓮𝓻🌸@sh.itjust.workslinkfedilinkEnglisharrow-up0·16 days agoThere goes all the money raised in the IPO.
minus-squareBuffalox@lemmy.worldlinkfedilinkEnglisharrow-up0·15 days agoAFAIK it’s less than 10%. But it’s a start. 🤣🤣🤣
minus-squareAirBreather@lemmy.worldlinkfedilinkEnglisharrow-up0·15 days agoThe IPO reportedly raised $85 billion Valuation (which is where that “over $1 trillion” comes from) is a different thing entirely
minus-squareBuffalox@lemmy.worldlinkfedilinkEnglisharrow-up0·15 days agoYes of course you are right, my bad. The 1 trillion is an extrapolation.
minus-squareXLE@piefed.sociallinkfedilinkEnglisharrow-up0·15 days agoDon’t worry, the losses will go straight to the retirement funds.
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkEnglisharrow-up0·15 days 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-up0·15 days 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-up0·15 days 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.
There goes all the money raised in the IPO.
AFAIK it’s less than 10%. But it’s a start. 🤣🤣🤣
The IPO reportedly raised $85 billion
Valuation (which is where that “over $1 trillion” comes from) is a different thing entirely
Yes of course you are right, my bad.
The 1 trillion is an extrapolation.
Don’t worry, the losses will go straight to the retirement funds.
I bet it will be a stock deal.
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.