They Tweeted the document I believe. They said that ALL of their shells cannot be diluted more than 20% of their OS count in the first two years under their contract terms.
For JPEX though, they went further:
JPX Global, Inc@JPXGlobalInc Aug 18 We are committed to returning the company to profitability. There will be no reverse split or dilution on the upcoming merger, we do not NEED TO RAISE CAPITAL. Work is being done to reduce number of outstanding shares and we hope to share more updates in the coming days. $JPEX
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