Omni GPS Corporation owns 95 percent of the shares of Pinpoint App Inc. Through a certain transaction,Online GPS combines with Pinpoint App,but only Omni GPS continues to exist. This is

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This is a short-form merger because the parent company (Omni GPS) already owned 95 percent of the shares of the subsidiary (Pinpoint App), and the two companies merged, with only the parent company continuing to exist. A consolidation involves the combination of two or more companies to form a new entity, while a share exchange involves the exchange of shares between two companies in a mutually agreed-upon ratio. Termination is not a relevant term in this context.

Omni GPS Corporation Owns 95 Percent of the Shares of Pinpoint