XpresSpa Group Inc (XSPA)

[The Rainmaker]

Wow are they stupid on yahoo,,,,,,the proxies are finally going out July 12 vote date. The stock price has to be over $3 at time of the merger. They told everyone they would only do a tiny reverse split if stock price is under $3. By the time the merger closes the markman ruling should be out. After the ruling i doubt this will be close to $3. The new S4 is identical to the others except now there is a vote date July 12.


NYSE Amex Requirements for Listing
Vringo common stock is currently listed on the NYSE Amex. Innovate/Protect shares of its capital stock are not publicly traded. According to applicable NYSE Amex rules, in a transaction constituting a “reverse merger” in which an issuer combines with a non-listed entity, resulting in a change of control of the issuer and potentially allowing the non-listed entity to obtain a NYSE Amex, the issuer must apply for initial inclusion on the a NYSE Amex.
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TABLE OF CONTENTS

The Merger Agreement requires that Vringo use its reasonable best efforts to cause the shares of Vringo common stock to be approved, at or prior to the completion of the Merger, for listing (subject only to notice of issuance) on the NYSE Amex at and following the completion of the Merger, and the listing of the shares of Vringo common stock issuable pursuant to the Merger Agreement is a condition to Innovate/Protect’s obligation to complete the Merger.

The listing standards of the NYSE Amex require, among other things, a $3.00 per share minimum bid upon completion of the Merger. As of the date of the mailing of this proxy statement/prospectus, Vringo has filed an initial listing application for the NYSE Amex in connection with the Merger.