Ritter Pharmaceuticals Inc (RTTR)

[rawsteel]

We haven't tanked yet. That's a POSITIVE

Ritter Pharmaceuticals, Qualigen All-Stock Merger Deal Gets Shareholder OK

08:37 AM EDT, 05/19/2020 (MT Newswires) -- Ritter Pharmaceuticals (RTTR) said Tuesday its all-stock merger deal with Qualigen has received approval from Ritter stockholders and should be consummated in the next few days.
Under the agreement, pre-merger Ritter Pharmaceuticals stockholders will own approximately 7.5% of the post-merger combined company. On the other hand, the pre-merger Qualigen stockholders will own approximately 92.5% of the post-merger combined company on a fully-diluted basis.
Prior to closing, the company will change its name to Qualigen Therapeutics and continue trading on Nasdaq Capital Market under the symbol "QLGN."

On a side note they did say before"Ritter stockholders should also be aware that they will not be subject to a lock-up period following the merger.”