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CAVU merged with PostBidShip, with CAVU shareholders getting PostBidShip shares, pending regulatory approval.
CAVU Resources, Inc. has completed its merger with PostBidShip., Inc., making PostBidShip., Inc. the surviving entity.
CAVU shareholders will receive one share of PostBidShip., Inc. stock for every 2,050 shares held, pending a record date set by FINRA.
The deal includes $1 million in debt forgiveness and the return of technology assets to PostBidShip., Inc. for commercialization.
PostBidShip., Inc. completed a 25.48-to-1 reverse stock split, resulting in 9,868,755 fully diluted shares.
A senior leadership team has been appointed.
The share distribution is contingent on S-1 registration approval and final regulatory review.
CAVU se fusionó con PostBidShip, con los accionistas de CAVU obteniendo acciones de PostBidShip, a la espera de la aprobación regulatoria.