Replies to post #77750 on Third Bench Inc (THBD)

[pb_trading]

Try to break it down in easiest terms. A reverse merger, acquisition.

In this case it was acquisitions, merger implies there may be some duality to the deal.

So again, reverse acquisition, NECA the New America Holdings is the public target to bring the private entity Third Bench public.

Third Bench pays the owner of the shell, Jeff Canouse with capital, cash or equity later Preferred B, locked up rule 144 insider etc.

For that exchange of money, capital to the public shell of New America Holdings then Third Bench becomes public as a subsidiary.

As the process continues and the deal is closed upon the exchange of controlling preferred A shares for preferred B shares, Third Bench receives the controlling block of shares from Jeff Canouse, New America Holdings and will be the parent and New America Holdings will either become a subsidiary or dissolve.

Already Third Bench's CEO is now also the CEO of New America Holdings. Which means very soon Third Bench will be the controlling entity of the shell entirely and New America Holding Holdings will cease to exist or Third Bench will continue to keep them along Title Kings Loans company as a running subsidiary.

I would expect a ticker and name change at some point.

They call these a poor man's IPO.

Hope that helps you a bit.

$NECA