and another 20million shares with the second part.
total of 30million shares restricted will be added to 132million they already have.
Amazing move to bring the ownership up to the necessary levels to close the deal without hurting current EMPM shareholders.
from the APO link I sent before:
4.Private Company A becomes a wholly-owned subsidiary of the Public Shell with the controlling stockholders of Private Company A (and the PIPE investors collectively) usually owning 90% or more of the Public Shell and the shareholders of the Public Shell owning the remainder •Private Company A’s management team becomes the directors and officers of the public company
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