Emergent Health Corp (EMGE)

[threebabiesbusy]

PB….does this explanation summarize the situation pretty well?

More Understanding Reverse Triangular Mergers
In a reverse triangular merger, the acquirer creates a subsidiary that merges into the selling entity and then liquidates, leaving the selling entity as the surviving entity and a subsidiary of the acquirer. The buyer’s stock is then issued to the seller’s shareholders.

The process is more or less as follows:

The acquiring company forms a subsidiary
The subsidiary acquires the target company
The created subsidiary merges with the target company and is then dissolved
The acquired company becomes the new subsidiary