The owner of the Latitude 30 restaurant and entertainment venue announced plans Wednesday to go public by merging with an existing public company.
Jacksonville-based Latitude 360, which also operates restaurant and entertainment venues in Pittsburgh and Indianapolis, said it has agreed to merge with Kingdom Koncrete Inc.
Latitude 360 will be the surviving company after the merger.
According to its annual report filed with the Securities and Exchange Commission, Kingdom Koncrete provides pre-mixed concrete into mobile mixer trailers that are delivered to customers’ job sites. The company produced revenue of $121,344 and a net loss of $34,842 in 2013.
Kingdom Koncrete operates out of a small office in Rockwall, Texas, and has only one employee, the company president, the annual report said. Latitude 360 did not say what will happen to that business after the merger.
Latitude 360 was previously named Latitude Global but changed its name to Latitude 360 in February.
The company had tried to go public before with a similar plan. In December 2011, it announced plans to merge with a publicly traded shell company called Blink Couture Inc.
However, Blink Couture, which had no other operating business, said in an SEC filing a year later that the merger
was terminated by mutual agreement.
Kingdom Koncrete currently trades on the OTC market under the ticker symbol “KGKO.” Latitude 360 will apply to change the ticker symbol to “LATX.”
Latitude 360 said it expects to complete the deal by May 2.
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