insight partners created a SPAC with units priced at $10.00 per share. Each unit consists of 1 share of common stock plus 2.0/10ths of a warrant with a strike price of $11.50 per share. Insight issued 12 million units to investors. The Insight Partners also contributed $1 million in exchange for 1 million warrants; this cash was used to pay the SPAC's expenses until it found a private company, GetFood Inc, to take public. GetFood provides on-demand food delivery, and grew rapidly during the COVID pandemic. Insight also arranged for a PIPE investment of $100 million at $10.00 per share. Underwriting fees for the merger were $310,000. Before the deal was announced, the SPAC shares traded at $10.00 per share. Once the deal was announced, the price remained at $10.00 per share. At the time of the deal completion, 85% of the SPAC shareholders chose to redeem. Because of the high redemption rate, the Insight Partners agreed to reduce their promote from 20% to 10% to ensure that the deal would be consummated.

c. After the merger, the share price fell to $9.00 share and remained at that level on the expiration date of the warrants. What was the average price per share that GetFood actually received, after fees, by raising capital via a SPAC?