Proposal 5 passed correct?
Effect of Proposal on Current Stockholders
If the NYSE Proposal is adopted, up to an aggregate of 133,375,000 shares of Class A Common Stock may be issued in connection with the business combination, the PIPE Financing and the Forward Purchase Agreement, representing up to 458% of the shares of Class A Common Stock and Class B Common Stock outstanding on the date hereof. The issuance of such shares would result in
significant dilution
to our stockholders, and result in our stockholders having a smaller percentage interest in the voting power, liquidation value and aggregate book value of TortoiseCorp.