Naked shareholders will receive 7 shares in the new entity for every 3 existing NAKD shares they own. The combined company will have a market capitalization of nearly $2 billion.
Cenntro Automotive, NAKD`s merger, is a leading EV technology company with advanced, market-validated commercial vehicles, that has selected Jacksonville, Florida for its first U.S. based manufacturing facility.
I consider buying NAKD shares before the shareholder merger approval special meeting on Dec. 21 to be a good opportunity!
This is the trade of a life time. Cenntro is a solid business with proven products, hundreds of patents and a great CEO leading them. Once the deal is confirmed institutions will pile in, FOMO buying will kick in and the stock will fly. This is a great opportunity.
nhoxsie
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you sure you have the RS correct? I have read that it's 1:15 which is disappointing/FUD.
Najah000
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Thanks for analyse, how much u think it will reach in future ?