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Monday, April 24, 2023 8:10:59 PM
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.
Post-merger, the combined company will adopt the name Quantum Energy, Inc. and trade on the OTC Markets under the existing ticker, QREE, and have approximately 35 million shares outstanding. The only way buying QREE regular shares makes sense if the PPS is atleast 6X lower than FLCX cause thats how many shares u need to get just 1 FLCX share and then u will also have have to wait for any broker delays probably a few days atleast when its alll said and done b4 u could trade and u'll probably also have to pay some additional charges that most brokers charge when a security is changed https://www.otcmarkets.com/filing/html?id=16526891&guid=MHm-kF7Bo1wKh3h
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Recent FLCX News
- Form DEFR14C - Revised information statement materials, definitive • Edgar (US Regulatory) • 08/05/2024 05:40:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 09:45:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/18/2023 07:10:16 PM
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- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 10/17/2023 05:11:07 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/07/2023 04:04:18 PM
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