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> The Proposal is non-binding and, once structured and agreed upon, would be conditioned upon [...] > There can be no assurance that a definitive agreement wit
by tyrfing 5y ago
> The Proposal is non-binding and, once structured and agreed upon, would be conditioned upon [...]
> There can be no assurance that a definitive agreement with respect to the Proposal will be executed or, if executed, whether the transaction will be consummated... The Reporting Person reserves the right to withdraw the Proposal or modify the terms at any time including with respect to the amount or form of consideration.
I think you're mistaking it for a deal that's much further along than it is, there is no binding agreement where Mr. Musk would have to pay penalties or anything like that for dropping the deal. An agreement reached as a result of this proposal would be, but that seems unlikely right now.