EMFP, APNN to Merge
Share prices for Emergency Filtration Products (Pink Sheets: EMFP) jumped 23 percent to 32 cents a share today, thanks to the news that the company recently signed a letter of intent to merge with Applied Nanoscience Inc. (Pink Sheets: APNN). According to the deal, Applied Nanoscience will issue around 34 million shares of its common stock and 17 million warrants in exchange for the $45 million outstanding shares of Emergency Filtration. At this point, Applied Nanosciences reportedly has $21 million common shares outstanding, and both companies have warrants or options to acquire additional shares outstanding. As a result of the…