Synaptogenix Inc (SNPX)

[howards111]

I do not understand the following from the release.
Could someone please clarify.
The part saying spun out into a new separately traded
company puzzles me.

Upon closing of the transaction, Bryostatin-1 and substantially all of Neurotrope's existing assets, operations and liabilities, except for cash retained by Petros in accordance with the terms of the merger agreement, will be spun-out into a new, separately traded company which will retain the name Neurotrope Bioscience, Inc. ("NBI").