In the proxy , the Company announced its intent to acquire NUI , LLC ( " NUI " ) , a rapidly emerging " healthy kids lifestyle " company , in accordance with an executed non-binding letter of intent with NUI . The letter of intent is subject to the execution of a definitive agreement , which is expected to be finalized in March . A preliminary proxy statement in connection with a special meeting relating to the approval of the business combination is expected to be filed with the SEC in the next several weeks .