Vice Chancellor Lori Will, of the Delaware Court of Chancery. Courtesy photo Trump Media Stakeholder Awarded Part of Requested Post-Merger Ownership Boost
It's likely, a lawyer familiar with the case said, that the decision could be applied to the anti-dilution provisions in nearly all de-SPAC mergers.
September 17, 2024 at 05:29 PM
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Vice Chancellor Lori Will has ruled that the sponsor of a SPAC survived by Donald Trump's media company is owed more stock than originally offered by the post-IPO entity, but less than the sponsor asked for.
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