I see them giving one share to TTGL shareholders for every TTGL share and then the reverse merge into the NXNO shell. Everyone wins. We'll know when they file the form 10.
The Company’s Board of Directors has authorized a definitive strategic plan to spin-off Titan’s Printed Circuit Board manufacturing business to its shareholders, creating a new, more strategic independent public entity. The spin-off allows the Company to accelerate strategic transaction flow at all divisions.
According to Management, a spin-off would be accomplished through the pro rata dividend of 100% of Titan EG, a wholly-owned subsidiary of Titan, to all shareholders of record on the record date set by Titan. The Company will file a Form 10 with the Securities and Exchange Commission and will apply for admission to the NASDAQ stock exchange of Titan EG.
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