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NYSE to Suspend Trading Immediately in Warrants of Gelesis Holdings, Inc. (GLS WS) and Commence Delisting Proceedings
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In an all stock transaction, think the warrants are assumed by the new company, and would become warrants to buy one share of PRTC. Looks like PRTC has been roughly averaging $30 per share for the past few months. So if the offer is 21 cents worth of PRTC stock for each GLS share, then roughly 143 GLS shares would exchange for one PRTC share. That means it would take about 143 GLS.WS plus $1642 to exercise for one PRTC. So yeah, essentially worthless. Here's the [warrant agreement](https://www.sec.gov/Archives/edgar/data/1805087/000110465920082084/tm2011667d11_ex4-1.htm), Section 4.4 would apply, think that is correct.
NB: GLS only up a penny so far on this news, and still below $.21. I realize this is non-binding, but it's pretty low risk for 1000 shares or so, with both short-term or long-term payoffs possible.
[Gelesis Holdings, Inc Receives Non-binding indication of interest from PureTech Health LLC (“PureTech”) (Nasdaq: PRTC, LSE: PRTC) to acquire all of the outstanding capital stock of the Company for $0.21 per share, payable in shares of PureTech](https://www.sec.gov/Archives/edgar/data/0001805087/000095017023011689/gls-20230402.htm) \- GLS ( GLS.WS Halted ) PureTech might be picking up a bargain here. Gelesis makes "Plenity", [prescription weight loss pills](https://www.myplenity.com/) that cost $100 a month. "Plenity is a non-systemic, superabsorbent hydrogel built from modified cellulose and citric acid. Patients take three Plenity capsules with 16 oz. of water 20 minutes before lunch and dinner. Plenity absorbs water and expands in the stomach but does not enter the bloodstream. " According to Gelesis latest earnings release: "Company has filed with FDA to **make Plenity available to Over the Counter (OTC)**, which should significantly broaden consumer access and reduce the cost to reach new members" Gelesis had 73,325,022 shares issued and outstanding at December 31, 2022, so the offer is about $15.4 million for the company, unless they have issued more stock since. When the deal with [Capstar Special Purpose Acquisition Corp](https://www.businesswire.com/news/home/20210719005350/en/) was announced in July 2021, it had a "Pro forma implied market value of approximately $1.3 billion and enterprise value of approximately $1.0 billion." So PureTech could be getting Gelesis for less than $20 million, ***and*** be able to sell Plenity over the counter by the end of the year. GLS.WS warrants were [delisted by the NYSE in January](https://www.businesswire.com/news/home/20230104005950/en/NYSE-to-Suspend-Trading-Immediately-in-Warrants-of-Gelesis-Holdings-Inc.-GLS-WS-and-Commence-Delisting-Proceedings), it doesn't appear that they are trading on the OTC Pink sheets, so they seem to be halted still. However the offer is for an all stock transaction so no Black-Scholes value would apply.
Went to dominos to pick up a meat pie, saw the same employee who sold me the last pizza rush out the store to do a delivery after, car he was using; Mercedes GLS-class SUV. Ya it's a bubble.
I test drove an EQS SUV. A ticketed $120k or so. It felt slow, cheap materials and it’s range was limited. Plus no way to get 7 seat option with tow package. Fundamentally a GLS costs $30k less for like power and more capability, and the Model X is similar and better. The Rivian is cheaper and better. Simply put, putting puts
GLS had the insiders lock up extended for a year, they're all still buying and weve got a 15% pump so far today Me thinks the next trail info in jan is looking good
Merc has 88,000 miles on it, warranty running out, starting to develop frequent, expensive problems, and the Wag has about 5,000 miles. Blue book on this GLS 450 is only about $20-25k. Not that great.
It was never a couple of days when reversals are allowed. You weren't around for the rug pulls where the redemptions were released and arbs immediately dumped (eg. GLS)
>Mercedes GLS450 Are there any videos of this car wash ? Asking for a friend that owns a car wash 
>I literally just wrecked my wife's Mercedes GLS450 two days ago. Oooooh her boyfriend is gonna be pissed.
> I owe timeshare people 22k...just wrecked my wife's Mercedes GLS450... This can't be real, there's no way someone is so regarded that they bought a timeshare, lost more than 80% of their savings in a year, and totaled an $80,000 car because they decided to jump out of it while it was moving...
Hey, if u can afford a GLS450, you could definitely afford some WISH calls. If you have anymore questions feel free to reach out to me. I’ve lost only 25% of my folio
I owe timeshare people 22k and I literally just wrecked my wife's Mercedes GLS450 two days ago. Fun story on that, I ran it through the car wash and the dryer blew off the plastic wiper cover. I jumped out, while moving and in neutral, to grab it. By the time I found it and turned around, it was at the end of the belt. For some reason, it ends with a big down slope, so the car rolled into a bollard and smashed the hood and front grille  I was only turned around for about 10 seconds... I'm regarded in a multitude of ways 
We’re an hour into the day and GLS volume is 575 shares traded…not looking good tbh
The quality is pretty good, built like a tank. Have you watched crash videos of it? It can survive a lot of it That said though, yeah I’d rather get a GLE63, GLE63 Coupe, GLS or GLS63 if I had that much money
They released GLS redemption figures after redemption window closed but before business closing. The amount left in trust was around 200k shares iirc. So people started piling in and got dumped on by arbs reversing redemptions. They did not mention redemption reversals explicitly too, buy it happened.
Wait what? Can you tell me more about GLS? Thanks!
Reversals are allowed more often than not these days. They don't have to spell it out in an 8-k like SLCR did. Some even release redemption numbers before business closing so that people pump it before closing to get dumped on by arbs (eg GLS).
Check out $GLS - weight management. A lot of articles regarding weight loss/treatment
Yes, and for a shitty E-class, should have done GLS or S-class
We all know that person I have a significant other driving around in a GLS 550 2017 doing this exact thing.
GLS wasn't under 1m after reverse redemptions and QTEK had pipe unlocked on merger day
i had so much faith in GLS and was screaming into the void as it dipped to $3
There was borrow available a while back on some brokers. So i assume arbs definitely had. There is a limit of course but they have dumped as much as they could get their hands on. Redemption reversals I don't know how long it could take. For GLS it took a couple of hours iirc
The thing about reversals is that this already ran to $14 the other day, and it never had any, I've watched every single tick on this ticker so far. We've seen reversals before, GLS, BRCC, it's a quick drop to NAV on heavy volume.
GLS hasn't run yet, but it was suggested to have a float of 400kish?
GLS and DAC are looking pretty sexy