You say, "If and when MC+A becomes a wholly owned subsidiary of Yippy..."
Why not just "when"? The news release said that YIPI has agreed to "acquire" MC+A, and: "Upon completion of the acquisition, MC+A founder Michael Cizmar will join Yippy as a member of its senior management team. Yippy anticipates that the acquisition will be closed by mid-July 2016."