Exploring the issuance of a solvency opinion for the October 2022 acquisition of Twitter, Inc. by Elon Musk’s X Holdings I, Inc.
This short presentation is intended to discuss the concept of corporate solvency, solvency opinions and provide perspective on what issues a solvency opinion might address regarding the October 27, 2022, acquisition of Twitter, Inc. (“Twitter”) by Elon Musk’s X Holding I, Inc. (“XHI”). Since then, the entities have been renamed X Holdings Corp., which in turn wholly owns X Corp. that operates “X” previously known as Twitter.
In addition, the presentation makes observations about the financial performance of Twitter and the financing structure employed by XHI.