So as the company only reported as making the phones that makes me super stoked. As T-Mobile and Sprint will be selling them. Yeahhh! That guy John can sell them all.
As you say, Utopya having controlling interest is NOT the same as a merger.
How do ANDI shareholders benefit by being controlled by Utopya ? If Utopya makes money, it would not go to ANDI.
(My bold)
What is shown is Utopya Innovations, LLC, a private corporation, has controlling interest of ANDI. That isn’t the same as merging into it, which would be a separate action and cause the two companies to become one (and report financials together as one).