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I think that in picture 6. the 2.5% Equity (fees) to sponsor should be 2.0%. If the sponsor fees are 20% of the $200MM SPAC then that is $40MM or 2.0% of the $2Bn company. The 2.5% comes from $40MM / $1.6Bn (pre PIPE) but the pipe will dilute that to 2.0% right?