I believe HCMC will use a Blank Check ( SPAC) compnay to uplist onto NYSE. Just my thoughts why!!
Special Purpose Acquisition Companies
Special Purpose Acquisition Companies or SPACs are non-operating publicly-listed companies whose purpose is to identify and purchase a private company, allowing the acquisition target to have publicly listed stock. SPACs are also known as blank check companies. Companies like HCMC are willing to be acquired by SPACs because it is more flexible and less burdensome than going public through an initial public offering (IPO).
SPACs raise capital to make an acquisition through an initial public offering.
A typical SPAC IPO structure consists of a Class A common stock share combined with a warrant. A warrant gives the holder the right to buy more stock at a fixed price at a later date.
HCMC been hinting about Spin Off and Uplist with stock Dividends and Buy Back. I would say on or before 4th Quarter we will see something big to happen with HCMC. HCMC will do a spins off with a company that offer a (SPAC) merger deal with bring them up to date super fast and invest on Cash flow too.
It is anticipated that NewCo will have an initial price of $10. In order to qualify to receive the stock dividend, an HCMC shareholder dividend entitlement amount must be at least $10. For each $10 of dividend entitlement, the shareholder will receive one share of NewCo stock. No fractional shares of NewCo will be issued and stock dividends will not be rounded up.
Once shareholders approve the SPAC merger and all regulatory matters have been cleared, the merger will close and the target company becomes a public entity.
If the SPAC is successful in acquiring a target company, the founders will profit from their stake in the new company, usually 20% of the common stock, while the investors receive an equity position according to their capital contribution.
SPAC sponsors and insiders ("initial shareholders") typically purchase an initial stake of "founder shares" in the company for a nominal amount before the IPO. These shares generally auto-convert into common shares at the completion of a business combination.
In the IPO, SPACs are typically priced at a nominal $10 per unit. Unlike a traditional IPO of an operating company, the SPAC IPO price is not based on a valuation of an existing business.
So many companies big and small are doing it and some do very well from it all.
Let's see what comes up next ! Buying some at 0.0001 can't seem to go wrong.
