Popt: Since, NantWorks does have stock, like every other LLC, it's done like this...
In the transaction, the former T shareholders give up stock constituting control of T – meaning 80% of the vote and value – in exchange for P stock and, subject to limitation, cash.
It's how a RTM works and RTM's are very common and never require the private and public entities to be the same size or value.
Exactly how, that's anybody's guess but the point is, he can do it.