A true RM (As you Posted is between a Private and Public This is not a Private Co becoming public
This is ridding a company of a Bloated Sharestructure and a name associated with P&Ds
Today a fancy Reverse Split was done behind shareholders Backs
It is also a company going back on a public Share distro plan Shareholders of record should still recieve their 1 for 4 And current investors should be compensated for the loss of assets (Thus a Revese split without the name)