Innovative Holdings Alliance, Inc. (IHAI)

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What Does Reverse Triangular Merger Mean?
When the subsidiary of the acquiring corporation merges with the target firm. In this case, the subsidiary's equity merges with the target firm's stock. As a result of the merger, the target would become a wholly-owned subsidiary of the acquirer and shareholders of the target would get shares of the acquirer.

Innovative Health Sciences, Inc. Reorganizes
May 31, 2011 1:05 PM ET
ATLANTA, May 31, 2011 /PRNewswire/ -- Innovative Health Sciences, Inc. has reorganized, merging into IHSN10, Inc., and announces today clarifications to its April 20, 2011, press release. Innovative participated in a Delaware reorganization under Section 251 (g) of the DGCL and the surviving company is IHSN10, Inc. As part of the reorganization, a new holding company was formed: Innovative Holdings Alliance, Inc. The Company, IHSN10, Inc., was notified that its Agreement with Carmil Energy was cancelled due to financing and due diligence issues. The Company, post merger, was divested from being a subsidiary of the holding company.