Where is the money coming from? $1.83B from newly issued shares - effectively diluting shareholders by another $1.83B. The remaining \~$300M comes from preferred shares ($STRC). These don't dilute common shareholders immediately, but they sit ahead of them in the liquidation
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Where is the money coming from? $1.83B from newly issued shares - effectively diluting shareholders by another $1.83B. The remaining \~$300M comes from preferred shares ($STRC). These don't dilute common shareholders immediately, but they sit ahead of them in the liquidation