I am not sure how SPAC is supp

2021-07-29

I am not sure how SPAC is supposed to work, but if the company is valued at 1.3 billion tries to merge with a company of 13 billion valuation, isn't right for the smaller company to own about 10% of the merged company? Assuming the valuation is accurate and it doesn't breech the SPAC rules.

An investigation on this makes everyone more accountable, hope that there merger can still happen so that investor can benefit.

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Reinvent Technology Partners Y (Nasdaq - RTPY)

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Assuming the valuation is accurate and it doesn't breech the SPAC rules.&nbsp;</p><p><br></p><p>An investigation on this makes everyone more accountable, hope that there merger can still happen so that investor can benefit.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>I am not sure how SPAC is supposed to work, but if the company is valued at 1.3 billion tries to merge with a company of 13 billion valuation, isn't right for the smaller company to own about 10% of the merged company? Assuming the valuation is accurate and it doesn't breech the SPAC rules.&nbsp;</p><p><br></p><p>An investigation on this makes everyone more accountable, hope that there merger can still happen so that investor can benefit.&nbsp;</p></body></html>","text":"I am not sure how SPAC is supposed to work, but if the company is valued at 1.3 billion tries to merge with a company of 13 billion valuation, isn't right for the smaller company to own about 10% of the merged company? Assuming the valuation is accurate and it doesn't breech the SPAC rules. An investigation on this makes everyone more accountable, hope that there merger can still happen so that investor can benefit.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/801120070","repostId":2151157573,"repostType":2,"repost":{"id":"2151157573","kind":"news","pubTimestamp":1626387540,"share":"https://www.laohu8.com/m/news/2151157573?lang=&edition=full","pubTime":"2021-07-16 06:19","market":"us","language":"en","title":"SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Reinvent Technology Partners Y (Nasdaq - RTPY)","url":"https://stock-news.laohu8.com/highlight/detail?id=2151157573","media":"ACCESSWIRE","summary":"BALA CYNWYD, PA / ACCESSWIRE / July 15, 2021 / Law office of Brodsky & Smith announces that it is in","content":"<html><body><p><strong>BALA CYNWYD, PA / ACCESSWIRE / July 15, 2021 / </strong>Law office of Brodsky &amp; Smith announces that it is investigating potential claims against the Board of Directors of <a href=\"https://laohu8.com/S/RTPY\">Reinvent Technology Partners Y</a> (\"Reinvent\" or the \"Company\") (Nasdaq - RTPY) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which Reinvent, a special purpose acquisition company, will combine with Aurora, the self-driving technology company, and result in Aurora becoming a publicly-listed company. 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Under the terms of the agreement, Reinvent shareholders will retain ownership of only 9% of the combined company.\nThe investigation concerns whether the Reinvent Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.\nIf you own shares of Reinvent stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/reinvent-technology-partners-y-nasdaq-rtpy/, or call toll free 855-576-4847.\nBrodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.\nSOURCE: Brodsky & Smith, LLC\n\nView source version on accesswire.com: \n\nhttps://www.accesswire.com/655715/SHAREHOLDER-NOTICE-Brodsky-Smith-Announces-an-Investigation-of-Reinvent-Technology-Partners-Y-Nasdaq--RTPY","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":345,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/801120070"}