Question: Consider the same setting as Problem 18, but suppose instead 80% of the shareholders redeem their shares, and no warrants are exercised. a. What is

Consider the same setting as Problem 18, but suppose instead 80% of the shareholders redeem their shares, and no warrants are exercised.

a. What is the amount of cash per share contributed by the SPAC in that case?

b. If the target is offered 300 million shares, what is the implied valuation of the combined company in this case?

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