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Re: leifsmith post# 2101

Thursday, 11/26/2020 7:54:11 PM

Thursday, November 26, 2020 7:54:11 PM

Post# of 2221
Think I have finally got my head around this reverse merger. We start with 3 entities, Akers Biosciences = "AKERS", MYMD Pharmaceuticals = "MYMD", and XYZ Merger Sub Inc., a Florida corporation and a wholly-owned subsidiary of AKERS = "MERGER SUB". MERGER SUB, probably at the time of the merger agreement, will merge with and into MYMD, with MYMD being the surviving corporation, becoming a wholly-owned subsidiary of AKERS.
The final merger event will occur between April 15 and May 15, 2021 when AKERS will change its name from Akers Biosciences Inc. to MYMD Pharmaceuticals Inc., making MYMD the sole surviving corporate entity.