Innovative Payment Solutions Inc (IPSI)

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interesting- so how will these shares be valued or sold? if they are not going public, wouldn't they have done this deal for cash?

Vivi Holdings’ common stock is registered under the Securities Exchange Act of 1934, as amended, and there is currently no trading market for its shares. Vivi Holdings has agreed in the SPA to provide the Company with piggy-back registration rights with respect to 1,000,000 of the shares of its common stock issuable under the SPA. The transaction contemplated by the SPA is subject to customary conditions, including the Company’s receipt of a fairness opinion from an independent valuation firm and the approval of the Company’s shareholders.