NWAV Merger News: NWAV Security Details
New Wave Holdings, Inc. Announces LOI for Reverse Merger of a Physicians Practice Management Company Focused in Cannabis and Alternative Health Markets Marketwire "Press Releases"
FORT WAYNE, IN -- (Marketwired) -- 08/17/16 -- New Wave Holdings, Inc. (OTC: NWAV) announces today that it has signed a proposal to purchase the assets and operations of PAO Group, Inc. , a physicians practice management company with zero debt, actively developing alternative medicine clinics focused on the proper use of cannabis for treatment of chronic and terminal patients.
The Board has agreed that upon finalization of a definitive agreement, that current officers of New Wave will resign in favor of electing target subsidiary's management. Pursuant to the terms of the LOI, Mark B. Newbauer and Steve Devine will maintain management of the current operating subsidiaries, which will be subject to review over the next 90 days by the Board of Directors toward best benefit to shareholders as operating managers continue to grow the platforms.
Executives from both companies anticipate the transaction to be finalized by end of month.
Share Structure
Market Value1 $523,965 a/o Aug 16, 2016
Authorized Shares 985,000,000 a/o Nov 02, 2015
Outstanding Shares 582,183,464 a/o Nov 02, 2015
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 231,066,164 a/o Nov 02, 2015
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