Sentences with phrase «public shell»

Busch and his partner, Jim Greenfield, recommend what's known as a reverse merger, in which a smaller company winds up being part of a larger public shell that will eventually carry out a public stock offering.

Initial public offerings, reverse mergers into public shells and follow - on offerings (S - 1, SB - 1, SB - 2, S - 3, Form 10, etc.).

«We transferred 51 % of our stock to a public shell in return for a $ 3 - million note,» says Robert Volpe, an executive vice-president.

A consultant explains the benefits of a public shell and an executive officer explains how he used this strategy.

Twenty years ago, Pinetree Capital was a public shell for venture investments in early - stage tech companies, but for the past decade it's been focused on resources.

A public shell is Wall Street's jargon for a corporate entity that is registered with the Securities and Exchange Commission though it conducts no business operations.

A merger with a public shell permits a group of entrepreneurs with few financing options of their own to band together with a common goal: eventually to gain liquidity by selling stock.

«After we acquire enough companies and build up three years of audited financial statements from them,» Busch explains, «the public shell will sell stock, and we'll use the proceeds to pay off the original owners.»

Then one of Cline's board members — a venture capitalist who also ran a SPAC — told him about CEA Acquisition, a public shell company based in Tampa that was trading on the OTC Bulletin Board.

Sometime in or about October 2012, Shkreli decided to take Retrophin public through a reverse merger with a public shell.

In a new 8 - K filing, Root9B disclosed that it has received a Staff Determination from the Nasdaq that it has been determined no longer be an operating business and is currently a «public shell.»

o explore ways to monetize the Company as a public shell, including, if possible, through utilization of the Company's substantial NOLs.

Explore ways to monetize VaxGen's value as a «public shell,» including the utilization of the Company's substantial net operating losses; and

Exploring ways to monetize the Issuer as a «public shell,» including the utilization of the Issuer's Substantial Net Operating Losses; and

Exploring ways to monetize [VXGN] as a «public shell,» including the utilization of [VXGN]'s Substantial Net Operating Losses; and

Bubble Space (Partially Buried) is a sculpture of our public shell.