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In response to
"Was there a full financing contingency? It would be common in these deals for the financing to have very limited conditions under which it could back"
by
pmb
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I’m going off of what Matt Levine is saying as I never read the docs.
Posted by
spamlet
Jun 6 '22, 07:51
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The equity is definitely on him if others back out but if the Twitter portion of the debt falls apart he can legally back out.
But as Levine also says, if you’re pointing to the contract you’ve already lost.
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