It looks like they are going to offer Nakd shares for merger, around 2614 million shares of dilution on top of the current 910m outstanding.
They’re own valuation of approx 1.68b based of extremely high 2023 projected vehicle sales/revenues. Combined with Nakd 600m is 2.28b combined valuation.
So 3524m shares, 2280m valuation is $0.65 cents SP once deal is complete.
With massive 3x dilution up until then and rocky projected revenues for future valuation this could slide down to 20 cents until all is said and done. Nakd army will prob help keep it up somethough.