No the company can still trade publicly. Merging and a buyout is different. You're paying cash for the transaction for a buyout as where merging there's not real cash transaction just two company merging. Merging happens for private companies that wants to go public or two public company coming together but there's no real cash transaction and trade under one ticker symbol. A buyout companies receives cash for the transaction and can continue to trade under a different symbol. Ultraflix is highly made to be bought out.