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

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a developer and manufacturefr of cellphone signal-amplification technology, and have completed a reverse the companies announced this week. Norpac (OTCBB: will file for a name change to , and for a stockk ticker symbol change, which wouldr become effective early next ElDorado Hills-based CelLynx is the company’d sole business. CelLynx shareholders own about 61.8 percent of the equithy in the newlymerged company. Alonyg with the transaction, all prior Norpac officers have resigned. They’vd been replaced by the CelLynx officers, including founders Daniel Ash, who is servingg as chief executive officer, and Tareq CelLynx’s chief strategy officer.
Also in connectionn with the merger, the company has successfull completed a series ofequity financing, raising $2 millionb from a group of accreditedx and institutional investors. Under terms of the mergetr transaction, Norpac issues about 1.25 shares of common or preferred stock in exchange for each share of CelLyncommon stock. CelLynx has developer a product designed to boost cellulae signal strength insidea home, office or vehiclwe by plugging in an “enhancer” unit next to a One of the company’s earlg investors is Irvine-based .