Sad in a way that it has come to this for the team, but it was really the only thing that would allow them to continue racing and for me, as a fan, that's definitely better than them stopping or continuing along the same path with protests/cancellations.
It is somewhat surprising though as I didn't see Adams backing down, but the pressure was building from sponsors, organizers and maybe even the riders themselves and I think it's the right decision as the team was just acting as a lightning conductor in it's current form.
Still lots of unanswered questions about the new brand (Factor-Premier Tech?), when it will come into effect (before Lombardia?) nationality (Canadian?), the budget (more or less?) Gee (Benson had an recent update on his situation, but I don't know what it is), other transfers (Girmay?), the devo team (continue or not? Frigo jr to sign now?), Israeli riders (I hope some continue on the teams) etc etc.