Thursday, September 06, 2018 5:25:16 PM
That is not how this works. Sounds Concepts has essentially two means to go public, if that is what you think this is about (which BTW it isn’t because the S-1 doesn’t come close to suggesting it).
1) an IPO of their own stock...in which case the S-1 would be by Sound Concepts itself
Or
2) A reverse merger of Sound Concepts into an existing public company in which Sound Concepts is the surviving entity. SC would essentially take control of the ticker.
But again, the S-1 does even hint at either.
The “deal” they decribe in the S-1 is quite straight forward, if FUSZ attracts enough capital in the offering it will buy Sound Concepts for cash AND FUSZ stock and SC will become simply a wholly owned subsidiary of FUSZ. The current SC owners will then have a boatload of money and some FUSZ stock as consideration. Their stock won’t be any different that any other FUSZ shareholders stock. The SC business will simply be a part of an existing public company (FUSZ) at that point.
At no point is a new stock registration or new registrant created and at no point is SC’s capital stock traded in the public market.
"Harsh reality is always better than false hope"
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