Gifa Inc (GIFX)

[ForReal]

GIFA purchased the vehicle to go public from FRFS. As part of the payment for that vehicle, money as well as the original assets of FRFS were tendered as the purchase price.

A merger, with GIFA as the surviving company would still allow FRFS assets to be held by the combined company.

So, in essence, this was a straight forward purchase of the public "shell" as it became one, when the assets were taken private by Harsh Shetty (previous owner and CEO).