The End of Public Shells & Reverse Mergers
The Securities and Exchange Commission press release below is about Public Shells and Reverse Mergers. If you are considering going public it is important to understand its significance. Basically it states if you are going to do a reverse merger with a public shell. You will need audited financials and the equivalent of an SB-2 Registration Statement within 4 days of the merger or you will be out of compliance. Therefore making public shells useless. It actually takes longer now to go public if you use a public shell.
You do not need a public shell to go public. It is faster and less expensive to go public from scratch rather than use a public shell.
Trading on the Pink Sheets is the fastest way to go public. A company can change and trade on the Bulletin Board (OTCBB) or on NASDAQ later if they like.
We can take a company public fast and inexpensively. The President of our company is a very experienced Securities Attorney.
We can assist you in going public on NASDAQ, OTCBB or the Pink Sheets.
The Pink Sheets do not require audited financials nor SEC quarterly reporting. This is the fastest way of going public.
To read the Press Release by the SEC about the regulatory changes negatively affecting a reverse merger with a public shell press here SEC Press Release.
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