Rudolf Suter, CEO.

IRVING, Texas—Prescription lens, finished eyewear and vision technology provider, PFO Global, Inc., (OTCBB: ENRG) announced today that on Tuesday, June 30, 2015, it completed the merger of PFO Acquisition Corp., a Florida corporation and its wholly owned subsidiary, and Pro Fit Optix Holding Co., LLC, a Florida limited liability company (“PFO”), with PFO continuing as the surviving company.

In connection with the merger, Rudolf Suter has been named the company’s chief executive officer, and Timothy Kinnear has been named the chief financial officer of the newly created company. Suter joined Pro Fit Optix in May 2010 as chairman of the board and CEO, and Kinnear was named CFO of PFO Global in December 2014. Charles Posternack, MD, Joseph Barry Schimmel, E. Dean Butler and Ed Greene have been named to the company’s board of directors.

Immediately following the merger, the company sold an aggregate of $4,480,000 in principal amount of an 8 percent original issue discount senior secured convertible debenture to Hillair Capital Investments L.P. for an aggregate purchase price of $4 million. The company also issued to Hillair a five-year warrant to purchase an aggregate of 2,240,000 shares of its common stock. Dawson James Securities, Inc. acted as the exclusive placement agent for the offering.

Suter said, “We are pleased to have successfully closed the merger and financing resulting in the emergence of PFO Global as a publicly traded company.”

Update: On July 31, 2015, PFO Global, Inc. changed its over-the-counter stock ticker trading symbol to PFGB.