With 4,500,000,000 authorized shares even following the 1000 to 1 reverse split, you can count on millions of new shares being issued to purchase the new company. They should be restricted so shouldn't hit the open market for a year, but I have seen them hit right away with some companies in apparent violation of Rule 144.
Lazlo Garcia may do a Reg D 504 offering using a bogus exemption to claim that new shares issued in a private placement are immediately free trading as well. That was a popular strategy of BAC clients, many of whom have become non DTC eligible as a result.