I understand your questions just fine. If Korangy wanted to keep control of the company then this is the type of route you go vs a normal buyout. Charlie Scott probably said we can merge you under our umbrella and keep you a separate entity with full control. Korangy and Budhrani will most likely receive preferred shares and titles within the new company.
Not to mention they are merging other Telehealth companies into the company. This should become a conglomerate if they can pull off another major acquisition. Also realize this other acquisition is probably already lined up, similar to the way CareClix was brought in. Maybe the condition of the next company is being a fully listed Nasdaq company.
If CareClix wanted to stay CareClix without the hassle of taking themselves public, this was an easy way to do it, millions of dollars cheaper and allowed them to focus only on growing the business.
That might be why they went this route.
That being said, the acquisition has already closed, so the time for asking why has passed. It's a closed deal. We all wondered why exactly they structured the deal this way, who knows, but now it's what is the value of the company, which I think everyone here agrees it's well over $100 million...
Maybe they will enlighten us in the future press releases.
GL!
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