US?
Google: "The transaction is generally tax-free for the target corporation, the target shareholders, and the acquiring corporation. However, the target shareholders may recognize gain up to the amount of boot received."
Target. Acquiring.
I would classify you as a shareholder. I recommend you google what a merger means for your taxes in your country 😄.
Yeah the language makes sense in standard acquisitions and mergers. I guess this can be seen as a stock-stock equivalent scenario.
This is a world first, so we don't know 😔.
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