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Examples
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Znomics is currently a "shell company" as defined by the Securities Exchange Act of 1934.
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Simultaneous with the issuance of this press release, Znomics filed a Form 8-K with the Securities and Exchange Commission outlining the acquisition and related transactions, including exhibits.
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Znomics issued 40,811,886 shares of common stock to the Purchasers for total consideration of $125,000, paid in cash at closing.
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Znomics issued 40,811,886 shares of common stock to the Purchasers for total consideration of $125,000, paid in cash at closing.
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Examples of risks and uncertainties relating to the forward-looking statements in this release include, without limitation, the Purchasers 'ability to identify a viable candidate for a reverse merger transaction with Znomics and to successfully negotiate and complete the transaction.
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The stock purchase agreement and related transactions were approved by the Board of Directors of Znomics and by shareholders who owned a majority of the outstanding shares of Znomics common stock prior to the issuance of the new shares.
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It is expected that the Purchasers will use Znomics to acquire an operating business, but no specific acquisition discussions are under way and the Purchasers expect the acquisition process could take several years.
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Znomics is currently a "shell company" as defined by the Securities Exchange Act of 1934.
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The forward-looking statements in this press release include the expectation that the Purchasers will use Znomics to acquire an operating business and the anticipated timeline for that process.
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Simultaneous with the issuance of this press release, Znomics filed a Form 8-K with the Securities and Exchange Commission outlining the acquisition and related transactions, including exhibits.
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