Accordingly, under the relevant accounting guidance, Scorpio has been identified as the accounting acquirer of the Company and the Transaction is considered to be a reverse acquisition
. Moreover, the Company has determined that the Transaction constitutes a reverse acquisition
of assets rather than a reverse business combination.
As a result of the reverse acquisition
accounting for the Startek and Aegis business combination on July 20, 2018, the results presented for the quarter ended June 30, 2018 include only Aegis financial results.
The public listing was accomplished through a reverse acquisition
stock exchange of Allied with Canadian based Advanced Micro Biosciences, Inc., and its wholly-owned subsidiaries.
The pro-forma figure reflects what the company's performance would have been if the Regal Entertainment Group reverse acquisition
was consolidated for the whole of the first half of 2018.
After this reverse acquisition
, the combined company plans to raise enough equity to open new locations outside of Denver and intends to begin the process of becoming a franchisor of Illegal Burger restaurants in the near future.
The merger of FGB and National Bank of Abu Dhabi (NBAD) is to be accounted as an acquisition by FGB of NBAD, a reverse acquisition
under IFRS 3 Business Combinations.
In a statement on Sunday, the banks, which had been dubbing their deal as "a merger of equals," said they accounted for the deal as an acquisition by FGB of NBAD (reverse acquisition
) to abide by accounting policies.
The merger between Peoples and Penseco was accounted for as a reverse acquisition
of Peoples by Penseco.
Visor Holding and Polyus Gold International Ltd, which was established in the result of reverse acquisition
of Polyus Gold by KazakhGold Group, intend to be involved into development of Jerooy deposit apart from Finasta and Almazintech.
Determining whether a transaction is characterized as a reverse acquisition
under the consolidated return regulations can be challenging.
Pet Airways, an airline specifically designed for the comfortable, efficient transportation of pets, became a wholly owned subsidiary of American Antiquities through a reverse acquisition