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Wednesday, April 12, 2023 10:45:02 AM
Merger Terms
Upon closing the transaction, existing Quantum shareholders will:
Exchange 6 shares of existing Quantum common stock for 1 share of FLCX common stock;
Receive Series D Preferred shares (“Series D”) convertible at a 10:1 ratio into common stock of the new company The number of Series D stock shares issued will depend on each shareholder’s original cash investment in Quantum and the trading price of the effective date of the merged company. On that day the Series D will be issued.
https://www.otcmarkets.com/stock/FLCX/news/story?e&id=2453265
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