adijas
5 years ago
'On March 1, 2019, the Company executed an Agreement and Plan of Merger with AMNC Merger Sub, Inc. and Vertical Exchange Capital, Inc. wherein the Company intends to effect a merger of the Company with and into AMNC Merger Sub, Inc. Upon the consummation of the merger AMNC Merger Sub, Inc. will become a wholly owned subsidiary of the Company. Due diligence is still underwayas of the time of filing between all parties under the agreement and plan of merger.'
adijas
6 years ago
Just speculation, but in 2916 they refiled some old filings, including a 2016 disclosure statement https://www.otcmarkets.com/stock/AMNC/disclosure Maybe they wanted to merge back then, but it took much more time to execute the agreement.
Another intersting thing is their B stock traded 26,6k 2/20, so before the merger sub was set up, while it almost never traded before. https://www.nasdaq.com/symbol/amncb/historical