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Ultimately they are buying the shares of all existing shareholders. Wiz tells Google who the shareholders are after all triggers of options to shares are resolv
by bklyn11201 2y ago
Ultimately they are buying the shares of all existing shareholders. Wiz tells Google who the shareholders are after all triggers of options to shares are resolved. Then Google wires each shareholder after the signatures are complete. No money should go into Wiz bank account. 10-25% of the cash is held back to make sure the company and key employees fulfill promises made as part of the transaction.
- mikeyouse 2y agoRight - the Wiz bank account is about to be the Google bank account, so it wouldn't make any sense for them to receive the funds.