Public Company Management Corporation has signed a non-binding letter of intent to acquire all of the stock of Physicians Capital Management Corporation, a healthcare facilities owner that leases properties under long-term net leases. The deal is expected to be a stock-for-stock business combination that would make Physicians a wholly owned subsidiary or equivalent. The contemplated exchange ratio is structured so former Physicians shareholders would own about 80% of PCMC’s equity (voting and economic, fully diluted) after closing, with existing PCMC holders retaining about 20%, before any reverse split.
Read the full article: PCMC Plans Stock Deal Giving Physicians’ Owners About 80% Control //
Source: https://www.stocktitan.net/sec-filings/PCMC/8-k-public-co-management-corp-reports-material-event-a1a3893d4115.html