MetaStat, Inc. acquired Photovoltaic Solar Cells, Inc. (OTCPK:PVSO) from Perkins Capital Management, Inc. and other investors in a reverse merger transaction on February 27, 2012. Under the agreement, Photovoltaic Solar Cells, Inc. issued to the MetaStat shareholders an aggregate of 18.4 million shares of its common stock in exchange for all of the issued and outstanding capital stock of MetaStat. Simultaneous with the closing of the transaction, PhotoVoltaic completed an initial closing of a private placement of its shares of common stock and warrants in the aggregate amount of $0.68 million. MetaStat, Inc. completed the acquisition of Photovoltaic Solar Cells, Inc. (OTCPK:PVSO) from Perkins Capital Management, Inc. and other investors in a reverse merger transaction on February 27, 2012.