NORTH HAVEN, Conn.-PMI Wireless Inc. has been acquired by International Wireless Inc. in a reverse merger in which shareholders of International Wireless received a 30-to-1 reverse split.
The combined company will be known as PMI Wireless, a wireless system installer offering revenue sharing software and patented smart antennas manufactured by Turbo Wave Inc. PMI’s trading symbol is now IWLJ. Its stock was trading at $5.05 at the close of business Monday, after opening at only $1.05.
