Its stated purpose has been to seek a merger with an operating company.
Today, CMSF announced that it has entered into such an agreement to merge with Plures Technologies, Inc. Plures, through its 95%-owned subsidiary, Advanced MicroSensors Corporation, is a semiconductor foundry with unique expertise and capabilities to develop and fabricate high-quality, high-margin micro-electro-mechanical-systems (MEMS) and spintronics solutions.