Capalyst, Inc. acquired Liberty Technologies, Inc. (OTCPK:LBTL.D) in a reverse merger transaction.
February 15, 2013 at 04:00 am
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Capalyst, Inc. agreed to acquire Liberty Technologies, Inc. (OTCPK:LBTL.D) in a reverse merger transaction on December 14, 2012. Prior to the merger, Capalyst, Inc. owned a majority of the issued and outstanding shares of Liberty Technologies. Pursuant to the merger, shareholders of Capalyst, Inc. received 120.64 shares of Liberty Technologies stock for each share of Capalyst, Inc. stock owned prior to the merger and the shares of Liberty Technologies owned by Capalyst, Inc. prior to the merger were cancelled. Former Capalyst, Inc. stockholders that have the right to receive shares of Liberty Technologies' common stock as merger consideration will receive their shares on a split-adjusted basis. Liberty Technologies, Inc. announced a one-for-ten reverse stock split to increase the per share trading price of its common stock and to reduce the total number of shares in the market. Liberty Technologies, Inc. changed its name to DomiKnow, Inc.
Pursuant to the merger, the members of the pre-merger Board of Directors of Capalyst, Inc. will become the only Directors of Liberty Technologies, Inc. following the merger. The current Directors of Liberty Technologies, Inc. are John R. Stokka, Bryan Webber, Brenda Brenmark, Mark Egly, Jerry Capaldi, Cris Grunewald, and Brian Baltutat. John R. Stokka will serve as Chief Executive Officer and President of Liberty Technologies, Inc. The shareholders of Liberty Technologies, Inc. approved the deal and reverse stock split on December 14, 2012. Trading of Liberty Technologies, Inc.'s common stock on OTC Markets will continue, on a split-adjusted basis, with the opening of the markets on February 15, 2013. Shares of Liberty Technologies' common stock will trade under the symbol LBTL.D for a period of 20 trading days, to designate that it is trading on a post-reverse split basis. The common shares will resume trading under the company's new symbol of DMNO after that 20-day period. Immediately subsequent to the reverse stock split, there will be approximately 19.91 million of Liberty Technologies, Inc.'s common shares issued and outstanding.
Capalyst, Inc. completed the acquisition of Liberty Technologies, Inc. (OTCPK:LBTL.D) in a reverse merger transaction on December 18, 2012.
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