Sentences with phrase «for backdoor listings»

Local tech firm Shark Mitigation Systems has launched a prospectus for a $ 4 million IPO, while two other WA companies have revised their plans for backdoor listings.

The surviving board is reportedly now planning to shut the company down and sell off its assets, and seek interest for a backdoor listing.

Not exact matches

Bitcoin trader Digital CC has claimed a profitable entry into the computer - generated currency sector, highlighting a $ 630,146 profit for three and a half months of business, despite the vehicle through which it conducted a backdoor listing recording an $ 11.8 million loss for the financial year.

Stratum Metals has become the sixth Western Australian company to cancel a backdoor listing deal in the past year, with the Nedlands - based business reviewing its future options, including plans for the East Menzies gold project, after walking away from a planned reverse takeover of a US technology venture.

Two Perth - based resources companies are planning to switch sectors with the acquisition of cancer - based biotechnology firms, with one planning a backdoor listing and the other seeking support for an IPO.

A former gold mining company led by Peter Gunzburg has announced plans for a reverse takeover and backdoor listing of a Swiss biotech firm.

Parmelia Resources has announced plans for a reverse takeover of a NSW - based software company, while one of the first local companies to complete a backdoor listing has flagged a new acquisition.

Backdoor listings are an alternative to an initial public offering for a company wanting to list on a stock exchange.

A backdoor listing is another way for an unlisted company and its business to become listed on a share market, such as the ASX, rather than listing through an IPO.

A backdoor listing (also called a reverse takeover) occurs when an unsuccessful listed company acquires an unlisted company in exchange for cash or shares in the listed company.