LAS VEGAS--(BUSINESS WIRE)--NanoSensors, Inc. announced today that it will be holding a Special Meeting of Stockholders on May 26, 2017. The meeting, required by the Nevada Corporations Code, is the final action to be taken by the Court-Appointed Custodian. The Court-Appointed Custodian has informed company management that it will seek leave of the Nevada District Court to terminate the custodianship as soon as possible following the Special Meeting.
Terrance Flowers, the Company’s Chief Executive Officer, stated “We are looking forward to the termination of the court-appointed custodianship. The action represents a necessary milestone in the process of consummating the planned reverse merger with Perspective Technologies.” The company first announced its entry into a definitive agreement to merge with Perspective Technologies on April 20, 2017.
“The completion of the court-appointed custodianship should also facilitate our ability to seek a name and symbol change for NanoSensors through the Financial Industry Regulatory Authority (“FINRA”),” Mr. Flowers added. In addition, the Company further disclosed that it will not be seeking a complete a reverse stock split of its common stock. As previously announced, the definitive merger agreement provides that the merger with Perspective Technologies must occur by June 19, 2017.
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.