NanoSensors, Inc. (OTC Pink: NNSR) is engaged as a cannabis company, which is seeing shares jump 35.48% on Friday, April 21, 2017. Over the past month, NanoSensors, Inc. has seen average daily volume of 7.47 million shares. However, volume of 33.12 million shares or dollar volume of $278,208, has already exchanged hands on Friday.
Shares of NanoSensors, Inc. is climbing Friday, after the company announced it has signed a definitive agreement to merge with Perspective Technologies, LLC, a private company. The new entity says they plan to change their corporate name to “Perspective Technologies” and a new ticker symbol to go with the name. The new entity will focus on cannabis and technology industries. Here is the full press release detailing of the merger:
NanoSensors, Inc. Press Release:
LAS VEGAS–(BUSINESS WIRE)– Publicly-held NanoSensors, Inc. announced today that it has entered into a definitive Agreement and Plan of Merger with Perspective Technologies, LLC, whereby Perspective Technologies would become a wholly-owned subsidiary of the company. The Alternative Public Offering, or “APO” transaction, was previously announced on April 4th, 2017. Upon the anticipated closing of the reverse merger, the newly combined company will seek to change its name to “Perspective Technologies” as well as its ticker symbol to better reflect the company’s new, cannabis and technology related business model.
“The consummation of a definitive agreement to merge represents another significant step in recapturing value for our stockholders,” stated Terrance Flowers, NanoSensors’ Interim Chief Executive Officer. “Management believes that the Alternative Public Offering transaction will offer Perspective Technologies’ greater visibility within the marketplace and greater access to much-needed growth capital,” he continued. “Over the coming weeks, our singular focus will be taking the necessary steps to close the contemplated transaction.”
According to the definitive Agreement and Plan of Merger, NanoSensors and Perspective Technologies have sixty days to close the reverse merger transaction. The closing of the transaction is subject to, among other customary conditions, NanoSensors making required statutory and other periodic filings with OTC Markets Group. The Closing of the merger is also subject to approval of both the stockholders of NanoSensors and members of Perspective Technologies.
A copy of the Agreement and Plan of Merger will be posted on Perspective Technologies’ website, found at http://www.perspectivetechinc.com.
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although NanoSensors, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, NanoSensors, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.