AMERI Holdings Reverse Merger Creates Activist Acquisition Vehicle for Lone Star Fund

NEW YORK ( TheDeal) -- A reverse merger combining Ameri and Partners with shell company Spatializer Audio Laboratories has put AMERI Holdings (SPZRD) on the map as a public IT and Internet services company that will seek to acquire other businesses and improve their value using activist principles.

Jeffrey Eberwein, of activist fund Lone Star Value Investors, will have a seat on the board. Lone Star owns 33% of the Edison, N.J.-based company's post-merger shares. Eberwein said in an e-mail that he sees the new company as an opportunity to enhance the value of acquisitions.

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