PixarBio Corporation signed a stock purchase agreement to acquire BMP Holdings Inc. (OTCPK:PXRB) in a reverse merger transaction on August 19, 2016. Under the transaction, PixarBio will acquire 5 million shares constituting 96.7% stake in BMP Holdings for $0.1 million in cash from Henry Sargent. The purpose of the acquisition was for investment purposes and for a potential merger with BMP Holdings. On October 28, 2016, PixarBio Corporation announced merger transaction with BMP Holdings. As a part of the merger, the ticker of BMP Holdings will change to PXRB, and effective November 1, 2016, the name will be PixarBio Corporation with stock symbol as PXRB. As a result of merger all the officers and Board of Directors of PixarBio will become officers and Board of Directors of surviving entity. PixarBio Corporation will file a S-1 registering all shares within 21 days of merger by November 21, 2016. Further upon the completion of the merger, shareholders of PixarBio wil hold 78.5 million shares of BMP Holdings, representing 97.9% stake in it. The transaction has been approved by PixarBio shareholders, Board of Directors of PixarBio Corporation and BMP Holdings Inc. The transaction is expected to close on October 31, 2016. PixarBio Corporation completed the acquisition of BMP Holdings Inc. (OTCPK:PXRB) in a reverse merger transaction on October 30, 2016.