Priority One Jets, Inc. entered into agreement and plan of merger to acquire NuMobile Inc. (OTC:NUBL) in a reverse merger transaction on December 13, 2013. In conjunction with the acquisition, NuMobile will effect a 1,000 for one reverse split, subject to regulatory approval and change its name to Priority Aviation. As consideration, 36 million shares were issued as consideration to Priority One Jets, Inc. and company's outstanding sharecapital at closing stood at 60 million. Per the agreement NuMobile's common stock was issued to owners of Priority One Jets, equivalent to 86.6% of the total issued and outstanding stock after issuance. The transaction has been accounted for as a reverse merger, whereby Priority One is the accounting acquirer and NuMobile is the legal acquirer.


Priority One Jets, Inc. completed the acquisition of NuMobile Inc. (OTC:NUBL) in a reverse merger transaction on December 19, 2013.