Q: Can you clarify the share structure of the company once they convert the pref and special special and pay the dividends? Will the share count go up on March 25th?
And who holds all these shares, CSU?
And who holds all these shares, CSU?
5i Research Answer:
The total shares outstanding in this case is quite confusing to most investors. We think investors are better off evaluating TOI and LMN.V on a fully diluted basis because other financial instruments (special, preferred shares, etc.) will all be converted to common shares.
Therefore, there would be 253,104,971 total outstanding shares for LMN.V, and its market cap would be around $9.36B (based on a stock price of $37) instead of $2.74B as the current total share outstanding indicates.