CAVU Resources Finalizes PostBidShip Merger

CAVU Resources, Inc. has announced the official signing and closing of the Agreement and Plan of Merger between its subsidiary, CAVU Resources===PBS Recon, Inc., and PostBidShip, Inc. This merger is now legally finalized, with PostBidShip, Inc. serving as the surviving corporation. As part of the closing, $1,000,000 in contingent debt has been forgiven, and technology assets have been transferred back to PostBidShip for commercialization. CAVU Resources shareholders will receive shares of PostBidShip common stock at a ratio of one share of PostBidShip for every 2,050 shares of CAVU Resources held, pending FINRA approval of the record date. PostBidShip has also completed a 25.48-to-1 reverse stock split and assembled a new management team, including Fletcher McCusker as Chairman and William Robinson as CEO. The distribution of PostBidShip shares is subject to the filing and approval of an S-1 registration statement.