Mattress_King

$BLOO $BLOM $BLOOM

I would rather say sunk cost are very high, which should not be taken into consideration when making the decision. It is only about the opportunity cost (the cost they face by missing out on other targets through waiting for this to materialise in relation to its expected value)

Costs are small- think about how complex it would be for the target to change it's mind, start a roadshow and hire investment bankers to IPO. They would probably lose another 3-4 months and likely face the same challenges $PSTH is facing. (I assume it structure related)

I think BA made a final offer some weeks ago - “out of our hands”. He is now threatening to walk away. so I think this is about valuation. I think he has more to lose than target here. Target knows another spac will come along, ipo also an option.

A SPAC with 5B? that would take another 5 months to IPO, and reach a DA. Bill said Valuation is not the issue. Valuation doesn't make a deal complex, and was likely determined early on.

Hyopthetically- Let's say the target is stripe- Imagine all the minority shareholders that need to be involved. Capital structure is probably complex. This is one reason I think bloomberg is less likely. I also think stripe is low chance, but easy to talk about.

Not really though. PSH has way more to lose giving the resources and time they burnt + reputation at line while the target i would assume is using %30 at max of their forces on it .. nevertheless i am confident it’s going through