Interesting note: Shutterstock was in fact controlled by Pixel Holdings, Inc., until Shutterstock merged with Pixel holdings, Inc.
Pixel Holdings, Inc. did a swap with VC2 Capital /Vert Capital in February as part of the lead-up to the swap with SPCL. Pixel Holdings, Inc. "sold" pixelmags to SPCL through the stock swap to RM into the SPCL shell.
How this plays out will be very exciting, indeed! We approaching day 71, the day we will see Pixelmags, Inc. financials (estimates put this at 40m-plus):
From 8k of 5/23:
"Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
The financial information required by this Item 9.01 is not being filed herewith. It shall be filed not later than 71 days after the date on which the acquisition of Pixel contemplated by this Current Report on Form 8-K is consummated."
Closing "on or about" 5/31...
Review: RM Pixelmags into SPCL shell (8k link below)
The deal goes back to February, it seems, with a VC2/Vert Capital swap with Pixel Holdings, Inc, then later the swap with SPCL
What are we waiting for here? Filings to follow the 8k of 5/23 that outline the share swap that puts Pixelmags into the SPCL shell. 8k (nothing on the RS suggested in 8k to date. IF RS, it will come after deal is done, if at all):
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