Novation Holdings Inc. (NOHO)

[ChipnBella]

So this thing must be ready to roll soon. Noho must not exist, just waiting for ACX to get us details I guess.

Announced 09/9/14
Novation Holdings, Inc.
Merger/Acquisition
ACX Technologies, Inc. agreed to acquire Novation Holdings, Inc. (OTCPK:NOHO) from Asher Enterprises, Inc. and Lin-Han Century Corp on September 5, 2014. Under the terms of the merger agreement, Novation will merge with and into ACX, which will be the surviving entity in the merger and which will request a new CUSIP number and a new trading symbol for the common shares of ACX to be issued in the merger. Novation will cease to exist as a corporate entity. All outstanding convertible notes previously issued by Novation will be converted into pre-merger common stock of Novation immediately prior to the merger closing in accordance with the conversion provisions of each such convertible note, and then will be exchanged in the merger for common shares of ACX. All outstanding fully diluted common shares of Novation at the closing of the merger, including the common shares issued in the conversion of outstanding convertible promissory notes, will be exchanged in the merger on the basis of one new, post-merger share of ACX common stock for each 10,000 pre-merger common shares of Novation issued and outstanding. The currently outstanding series A convertible preferred stock of Novation will be exchanged, on a one-for one basis, in the merger for series A convertible preferred stock of ACX having the same rights and privileges as the series A convertible preferred stock of Novation. Each share of Novation preferred stock issued and outstanding at the effective time shall be cancelled in exchange for preferred stock in the surviving corporation having the same rights and preferences as the Novation Preferred Stock. The transaction is subject to approval from shareholders and Board of Directors of ACX and Novation, regulatory approval, effectiveness of registration statement and consummation of financial audit. The transaction was approved by Board of Directors of ACX and majority of the shareholders and Board of Directors of Novation. The transaction is expected to close before December 31, 2014.