LAS VEGAS--(BUSINESS WIRE)--Publicly-held NanoSensors, Inc. (OTC Pink: NNSR) announced today that it has closed its merger with privately-held Perspective Technologies, LLC as of June 20, 2017. The merger transaction was initially announced by the company on April 20, 2017. The completion of the merger signals NanoSensors’ paradigm business model shift to the cannabis industry.
“The successful completion of this transaction represents a significant milestone for our stockholders,” stated Terrance Flowers, NanoSensors’ Chief Executive Officer. “Management is very thankful to our stockholders for their continued patience and we look forward to building this new business in the exciting, fast moving cannabis industry,” he continued. “Among the numerous advantages of being publicly-traded, we are most hopeful that we can obtain the requisite growth capital to meet our operational and research objectives.”
In addition to completing its merger, NanoSensors has taken the initial steps to start publishing periodic financial reports through OTC Markets. In connection therewith, the company will also seek to complete a name and symbol change by application to FINRA in order to better reflect the newly combined company’s cannabis-related business model. Management expects that such milestones will be completed during the third quarter of this year.
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.