Reverse Merger

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Why these two founders chose Nasdaq over a red-hot Indian stock market
The Ken· 2025-09-30 02:30
Two years can feel like an aeon. Especially when a company goes from not having money for staff salaries in 2023 to being listed on Nasdaq in 2025, garnering over a billion dollars in market cap.But Sudhir Srivastava is characteristically cool about where SSI International has landed in the medical-technology pantheon. Maybe because the cardiac surgeon-turned entrepreneur is “just taking a breather” after a challenging decade. Few believed he could deliver, let alone beat the American global leader Intuitiv ...
Innovation Beverage Group Enters into Letter of Intent for Potential Merger with BlockFuel Energy, Inc.
Globenewswire· 2025-09-23 14:57
Core Viewpoint - Innovation Beverage Group Ltd (IBG) has announced a non-binding letter of intent for a merger with BlockFuel Energy Inc (BFE), aiming to combine beverage development with energy solutions for bitcoin mining and data centers [1][2]. Group 1: Merger Details - The merger will be structured as a reverse triangular merger, with a newly formed subsidiary of IBG merging into BFE, making BFE the surviving entity [2]. - BFE's owners will receive IBG common stock equal to 90% of the total issued shares of IBG post-transaction [2]. - Daniel Joseph Lanskey, current President and CEO of BFE, is expected to become Chairman and CEO of IBG, while Sahil Beri will transition to President of a new Australian beverage subsidiary [2]. Group 2: Valuation and Financial Implications - The post-merger equity valuation of the combined company is projected to be between US$220 million and US$343 million [3]. - Shareholders of IBG will own 10% of the combined entity, implying a post-transaction equity value for IBG of US$22 million to US$34.3 million, compared to a pre-transaction valuation of US$2.9 million to US$6.3 million [3]. Group 3: Strategic Partnerships - BFE has engaged Needham & Company as its investment banking partner for the merger [4]. Group 4: Company Backgrounds - IBG is a developer and marketer of a diverse beverage portfolio with 60 formulations across 13 brands, focusing on premium products [7]. - BFE specializes in oil and gas exploration, utilizing natural gas for power generation to support bitcoin mining and data centers, aiming to innovate within the energy sector [9].
SciSparc Announces Updates Regarding Proposed Merger; Form F-4 Registration Statement Has Been Declared Effective by SEC
GlobeNewswire News Room· 2025-07-30 20:34
Core Viewpoint - SciSparc Ltd. is progressing with its proposed merger with AutoMax Motors Ltd., which will enhance its portfolio in the electric vehicle sector while maintaining its focus on cannabinoid pharmaceuticals [1][2]. Group 1: Merger Details - SciSparc and AutoMax entered into a merger agreement in April 2024, where SciSparc will acquire 100% of AutoMax's share capital through a reverse merger [2]. - The merger is subject to customary closing conditions, including shareholder approvals from both companies and Israeli court approval [2]. - Special meetings for shareholder votes on the merger are scheduled for August 25, 2025, for SciSparc and August 28, 2025, for AutoMax [2]. Group 2: Regulatory Approvals - The U.S. Securities and Exchange Commission (SEC) declared effective the registration statement on Form F-4 regarding the merger on July 21, 2025 [3]. Group 3: Company Overview - SciSparc Ltd. is a clinical-stage pharmaceutical company focused on developing therapies for central nervous system disorders, with drug development programs targeting Tourette Syndrome, Alzheimer's disease, and autism spectrum disorder [4]. - The company also has a controlling interest in a subsidiary that sells hemp seed oil-based products on Amazon [4].
24/7 Market News: Siyata Mobile Earns Verizon Frontline Verified Status, Now Protecting Communities Across All Major U.S. Networks
Newsfile· 2025-07-22 13:13
Core Insights - Siyata Mobile's SD7 device has achieved "Verizon Frontline Verified" status, qualifying it for use by first responders on Verizon's public safety network, enhancing its position as a communications partner across major U.S. carriers [1][3] - The SD7 is designed to replace legacy land mobile radio systems, offering secure and reliable communication for emergency personnel, and is already utilized by Verizon's Crisis Response Team [2][3] - The recognition from Verizon follows a rigorous vetting process, ensuring the SD7 meets high standards for reliability, security, and performance, and its multi-carrier compatibility allows for broad agency deployment [3][4] Company Developments - Siyata is awaiting final regulatory and exchange approvals for a proposed $185 million reverse merger with Core Gaming, which has over 40 million monthly active users [5][6] - If the merger is approved, Core Gaming will become the majority owner of Siyata, with existing shareholders receiving at least a 10% equity stake through a special stock dividend [5][6] - The merger is expected to finalize without prior notice, taking effect three business days after the final certificate of merger is submitted [6] Market Positioning - Siyata's market positioning is evolving as it stands at the intersection of national infrastructure and digital scale, two sectors that are rarely combined in a publicly traded micro-cap [7]
Tron to go public after U.S. halts legal action against founder Justin Sun: CNBC Crypto World
CNBC Television· 2025-06-16 19:28
Market Trends - Bitcoin and Ether rebound after last week's pullback [1] Regulatory Landscape - CFTC Commissioner Pham discusses future regulatory steps as she prepares to leave the agency [1] Corporate Actions - Tron founder Justin Sun prepares to take his company public in the U S through a reverse merger [1]
Titan Pharmaceuticals Announces Filing of Registration Statement for Proposed Business Combination with TalenTec Sdn. Bhd.
Globenewswire· 2025-06-03 12:45
Core Viewpoint - Titan Pharmaceuticals, Inc. is moving forward with a proposed merger with TalenTec Sdn. Bhd., as indicated by the filing of a registration statement on Form F-4 with the SEC [1][2]. Group 1: Merger Details - The merger between Titan and TalenTec is structured as a "reverse merger" transaction, following a Merger Agreement established on August 19, 2024 [1]. - The Business Combination is subject to approval by Titan stockholders and is expected to close in the third quarter of 2025, although this timeline is not guaranteed [3]. Group 2: Regulatory Filings - Black Titan Corporation, the holding company for the merger, has filed the registration statement on Form F-4, which includes a preliminary proxy statement/prospectus [2][4]. - Once the registration statement is effective, a definitive Proxy Statement/Prospectus will be sent to Titan's stockholders for their vote on the Business Combination [4]. Group 3: Participant Information - Titan, TalenTec, and their respective management may be considered participants in the solicitation of proxies from Titan's stockholders regarding the merger [5]. - Detailed information about the officers and directors of both companies will be included in the registration statement and the Proxy Statement/Prospectus [5].