If Musk doesn’t buy Twitter, will Twitter essentially get $1 billion additional funding?

For any business, getting $1 billion in funding is HUUUUUUGE. If the deal falls through, they've an agreement that Musk pays $1 billion. Where does that money go, who benefits from it? The company or just executives and lawyers? (They've already let go a lot of the workers who built Twitter, so surely it doesn't go to them or common shareholders.)