"Under terms of the agreement, we expect to acquire an estimated 900 million restricted shares of ONYI, to be added directly to the treasury of USSEC...This will allow us to essentially keep them as a separate company"
if i got it right USSE will continue to be traded as USSE and 900 million resticted shares of ONYI will be assets on USSE balance sheet.
This is probably the most pertinent paragraph from JR's Blog:
"While we have looked at alternative methods to merge the companies together, ultimately we risked potential delays or caveats that could have caused shareholders to see their free trading shares in U.S. Sustainable become converted to restricted stock. In no scenario was this acceptable or approvable by USSEC or myself, and our valued shareholders and supporting investors will always come first within our strategic direction.".
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