Progressive Care Inc (RXMD)

[Jagman5]

From what I've read about SPACs there is no need for an RS if they go that route. A SPAC would be formed for the purpose of BUYING RXMD with the funds raised going into an escrow account. When sufficient, they would buy the company. I'm assuming a tender offer. Might include an option to trade RXMD shares for shares in the SPAC, but all current RXMD shares would be retired to the treasury.

Once the shares are retired and the SPAC owns RXMD then an RM would occur. At that point if you own part of the SPAC you would own part of RXMD. Onward into the NASDAQ sunset.

JMO

$RXMD