NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Axiom Holdings, Inc. (OTCMKTS: AIOM) concerning possible violations of federal securities laws. On June 19, 2017, in response to a subpoena issued by the Securities and Exchange Commission, the Company disclosed that it had discovered inconsistencies in its prior announcements regarding the validity of its Share Exchange Agreement (the "SEA") with CJC Holdings Ltd. ("CJC").
Then, on June 20, 2017, Axiom announced that it will be rescinding shares related to the CJC reverse merger as it has begun an internal investigation into the December 2016 transaction. The Company revealed that CJC’s CEO Nankamalu, who signed the SEA on behalf of CJC, had in fact already resigned as CEO a month prior to the signing and the merger was not completed. The SEC has announced the temporary suspension of trading in Axiom. To obtain additional information, go to:
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