Enzolytics Inc (ENZC)

[buford78]

Wick you may be right :

From 10k filed 5 days ago.

Sagaliam Business Overview
Page #7 second paragraph states:

In any case, we will only complete an initial business combination in which we own or acquire 50% or more of the outstanding voting securities of the target or otherwise acquire a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. If we own or acquire less than 100% of the equity interests or assets of a target business or businesses, the portion of such business or businesses that are owned or acquired by the post-transaction company is what will be taken into account for purposes of Nasdaq’s 80% of net assets test.

Sticky to say the least .

Can’t wait to see the next PR.

$ENZC$