adar7. Here is a definition of r/s... Note that there is no mention of formation of a new company--the r/s is confined to a reduction of shares within the same company. We have formation of a new company here. Therefore, reverse merger, not r/s... "What is a Reverse Stock Split?
A reverse stock split is a special kind of stock split which reduces the number of shares outstanding. This increases the price of each share of stock. Companies usually declare reverse splits to avoid being delisted or to hide a declining stock price."
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