Christian Owens

It would have been irresponsible for us to do.

The thing is, you think that the thing is with this type of transaction as well is whether we could have done it without raising money or not, it's sort of like

irrelevant to would we have done it without racing?

And I think kind of one of the, one of the things like with this is sort of like our, like our ambition level of beach company individually was already high.

I think the ambition level of the combined company is even higher.

Yeah, and it's sort of like that.

Probably 12, but sure.

Yeah, and that's kind of like the rationale for us.

And it sort of, so it becomes like a question of like, could we have done this?

Maybe, maybe not.

Like, would we have done it if we hadn't had like sort of tens and tens of millions of dollars after the transaction in order to be able to go and deploy together in order to be able to kind of create something to like realize the potential of something being greater than the sum of its parts?

Sort of probably not.

A portion of it was debt.

It was vast majority cash.

Okay.

Okay.

Okay.

I actually think the number, if you include, we rounded it to a whole number, but the actual number, including the debt, was pretty substantially north of 200 million.

Under $300 million.

Yeah.