Entrex and UNSS merged. Entrex is significantly larger than UNSS was. Entrex was not public. The owner of Entrex has built 2 billion dollar companies.
So now the 2 companies have merged and the stock price WILL be a reflection of the 2 companies together. The first public stock price exposure for Entrex.
The Entrex CEO just mentioned getting to the big boards after scaling.
"Entrex shareholders will receive 20% of the joint ventures revenues up to $31,000,000 distributed on a monthly basis and will own 40% of the equity of the entity. Universal will invest $4,000,000 in cash for 40% of the joint venture founding equity. Stephen H. Watkins, CEO of Entrex, is expected to join the UNSS Board of Directors. Universal also has a minimum buy-out option which allows it to purchase all remaining equity holders shares based on a minimum of 11.6 times a minimum trailing twelve-month EBITDA of $15,000,000 - resulting in a minimum enterprise value of $174,000,000. This valuation is expected to be 15% below market comparables providing Universal an estimated $30,000,000 in additional market valuation when and if the option is exercised."
"Andrew Shape, CEO of Long Blockchain suggests; "Our partnership with Entrex has facilitated Long Blockchain's transition into the blockchain industry by leveraging Entrex's proven blockchain-enabled technology platform. Together, we will seek to scale the platform across a range of industries and types of assets. We expect this transaction to provide nearly $3 million in cash-flow from the revenue participation certificate and an additional $6.9 million for the LBCC shareholders if UNSS executes their buy-out option."