It gets complicated fast in the Three Card Monty. But, this is the scenario as I understood it. UNGS acquires and spins off AMDAQ to UNGS shareholders. And, in order for AMDAQ to go public, AMDAQ finds or is found by an already public company and Reverse Mergers AMDAQ into it. Thereby, AMDAQ shares are converted into shares of the acquiring company and become free trading. Some AMDAQ shares could be bought using a Tender Offer.
If I understand your scenario, AMDAQ and UNGS could Reverse Merger together into the same company as a package deal. And, don't forget GCAN that is already a public company in the process of an IPO. GCAN could be that public company in the deal from the scenario I mentioned at the top. That could mean more GCAN shares. Or as Wayne might say: Mo Divvy, Mo Divvy, Mo Divvy.
It's called a confidence game. Why? Because you give me your confidence? No. Because I give you mine. -House of Games (1987)
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