Saturday, November 10, 2012

CelLynx and Norpac complete reverse merger - Silicon Valley / San Jose Business Journal:

grigoriynirim.blogspot.com
a developer and manufacturer of cellphone signal-amplificatio n technology, and have completed a reverse the companies announced this week. Norpac (OTCBB: will file for a name change to , and for a stocok ticker symbol change, which would becomes effective earlynext month. El Dorado Hills-based CelLynx is the company’s sole CelLynx shareholders ownabout 61.8 percent of the equituy in the newly merged company. Along with the transaction, all priod Norpac officers have resigned.
They’ve been replaced by the CelLync officers, including founders Daniel Ash, who is servinf as chief executive officer, and Tareq CelLynx’s chief strategy Also in connection withthe merger, the companyu has successfully completed a series of equity financing, raisinb $2 million from a groul of accredited and institutional Under terms of the merger transaction, Norpac issues abouf 1.25 shares of common or preferred stockk in exchange for each share of CelLynxx common stock. CelLynx has developed a product designed to boost cellular signal strengtyh insidea home, office or vehicle by plugging in an unit next to a window.
One of the company’s early investors is Irvine-based .

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