Mergers & Acquisitions ·
Amends merger terms with Physicians Capital Management and waives closing conditions
PCMCPublic Co Management Corp
Public Company Management Corporation entered into Amendment No. 1 and Waiver to its Share Exchange Agreement with Physicians Capital Management Corporation and Conrad Ivie, M.D. The amendment revises voting and conversion terms for Series A Voting Preferred Stock and Series B-1 and B-2 Convertible Preferred Stock issued in the transaction. It also corrects references to Physicians' capitalization from 10,000 shares to 10,000,000 authorized and outstanding common shares. Additionally, the amendment waives requirements for a Voting Agreement and Lock-Up Agreement, removing related closing conditions. The company operates in the business of acquiring and managing public companies.