Bitari IPO would give public buyers 10% of shares for 99.8% of consideration

Bitari's proposed IPO would require public buyers to provide 99.8% of the offering's consideration while receiving only 10% of the post-offering shares. At a $7 share price, investors would face $6.31 of immediate dilution per share. An existing controller would retain 85.87% of voting power after the offering, leaving public investors with limited influence.