NAPC could easily acquire majority equity in EVSV without any further restructuring now that the SS has been reduced and there are no true toxic debt holders on the books.
The equity issuance would technically dilute the common shareholders, but the dramatic increase in value makes it a worthy sacrifice. Given the size of NAPC, I’m sure it would be an extremely complex deal so I won’t speculate on the details. All I know is that the PPS would skyrocket from these levels with such a low float.