If you are new to stocks or new to reading legal data and filings, and are confused, just ask and someone will explain. Seems some people cannot read normal every day legal jargon, which is understandable. Considering.
No reverse split, it's a reverse merger. Which is very good news, considering the company this ticker is merging with, is already doing Very well.
The latest 'news' of the proxy, is showing the companies new organization, and those involved as well as those not involved any longer. All of which is very good news.
Disclaimer: Everything I post is opinion and is not to be taken as investment advice. You make your own decisions based on your own judgement. Do your own DD = 'Due Diligence' = Your trade, Your responsibility.