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ARTICLE | Company News

Tonix Pharmaceuticals Inc., Tamandare Explorations Inc. deal

October 24, 2011 7:00 AM UTC

Tonix reverse-merged with shell company Tamandare. The combined company changed its name to Tonix Pharmaceuticals Holding Corp. and began trading under the ticker “TNXP.” Tonix shareholders exchanged all of their shares for 22.7 million new shares of Tamandare, representing an 85% stake. Existing Tamandare shareholders own the remaining 15%. ...