|Bid||0.00 x 800|
|Ask||11.93 x 2200|
|Day's Range||9.68 - 10.45|
|52 Week Range||9.26 - 10.71|
|Beta (5Y Monthly)||0.05|
|PE Ratio (TTM)||85.63|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Mosaic Acquisition Corp. (NYSE: MOSC; "Mosaic") and Vivint Smart Home, Inc. ("Vivint") today announced that, in connection with their pending transaction, Vivint has waived the closing condition relating to the number of redemptions of public shares of Mosaic Class A common stock ("Mosaic common stock"). Under the terms of the merger agreement, it is a condition to Vivint’s obligation to consummate the merger that the number of redemptions of Mosaic common stock under the redemption offer made by Mosaic in connection with the merger does not exceed 10,350,000 shares of Mosaic common stock (the "Maximum Redemption Condition"). Based on the number of requests for redemptions of Mosaic common stock made by its stockholders, Mosaic anticipates that the number of redemptions will exceed 10,350,000 shares of Mosaic common stock. Nevertheless, Vivint has agreed, in accordance with the merger agreement, to waive the Maximum Redemption Condition and the merger is expected to be completed in January 2020, subject to the satisfaction of other customary closing conditions.
Vivint Smart Home, Inc. ("Vivint") and Mosaic Acquisition Corp. (NYSE: MOSC; "Mosaic") today updated investors about the Mosaic Special Meeting of Stockholders to be held on January 17, 2020.
Vivint Smart Home, Inc. ("Vivint") and Mosaic Acquisition Corp. (NYSE: MOSC; "Mosaic") today announced that they have entered into an amendment to their definitive agreement to merge Vivint with a subsidiary of Mosaic (the "Amendment"). The Amendment reduces the initial enterprise value of Vivint to approximately $4.1 billion, implying an estimated 2020 Adjusted EBITDA multiple of approximately 7.75x.
Mosaic Acquisition Corp. (NYSE: MOSC; "Mosaic") today announced that it intends to convene and then adjourn, without conducting any other business, the special meeting of stockholders held on Wednesday, December 18, 2019, at 9:00 a.m. Eastern Time, until Friday, December 20, 2019, at 9:00 a.m. Eastern Time, at the offices of Paul, Weiss, Rifkind, Wharton & Garrison LLP at 1285 Avenue of the Americas, New York, New York 10019.