You are correct, it is an acquisition they are attempting to close, I've been in quite a few Mergers in the last year and tend to use that word over Acquisition, an Acquisition is more preferable and if this one closes soon, it will be one for the record books. All the best
A reverse takeover or reverse merger takeover (reverse IPO) is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public.[1] The transaction typically requires reorganization of capitalization of the acquiring company.[2] Sometimes, conversely, the private company is bought by the public listed company through an asset swap and share issue.[3] https://en.m.wikipedia.org/wiki/Reverse_takeover
They said Acquisition, I said Reverse Merger, same difference
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