Patient Access Solutions Inc (PASO)

[MNK3240]

Thank you Reader3, found it. This time they went for Q4/2020 instead of a set date. In a way, it’s a good decision to not have a particular date and don’t meet. Myself was involved in a couple of M&A DD and experienced a lot of regulatory and other challenges, which sometimes go beyond a set date. Anyway, hope they can get it done in Q4.

Excerpt:
“On July 14, 2020 we were issued a request by CLX Health to extend the closing date of the merger to Q4 2020. As CLX Health continues to pursue and coordinate on its business opportunities, they had to defer completion of their due diligence of PASO. It is for this reason that CLX Health is unable to meet the agreed upon closing date and they are seeking an extension. We, Patient Access Solutions, are going to honor their request and grant the extension. We have no reason to believe that this request for an extension indicates that this transaction is any less likely to occur.”