American Fusion Inc (AMFN)

[timez1000]

Wrong.  Here is what it actually says.
"Kepler's former shareholders will hold approximately 89.7% of the voting rights in the combined entity"
It says 89.7% voting rights, not equity ownership.  Voting rights and equity ownership are 2 completely different things.
In most standard corporate contexts, economic ownership and voting rights are not interchangeable and a well-drafted document would distinguish them precisely. The fact that Note 9 specifically says "voting rights" and not "economic ownership" or "equity interest" is almost certainly intentional and meaningful.Standard ASC 805 reverse acquisition language typically references:"Economic interest" or "equity interest" for ownership"Voting rights" or "voting interest" for controlThey are listed as separate factors in the accounting analysis