with the sole purpose of eventual acquisition. As outlined in the SEC investor bulletin and illustrated in Figure 2, a RTO occurs when: Reverse Mergers Shareholders of the private operating company accumulate a majority of the public shell outstanding shares company’s Now, the private shareholders have a controlling interest in the public company’s shell company. At this point, typically the public board of directors is company’s replaced with that of the private company The public assets and business operations now reflect those of the company’s formerly private company (Optional) File to have the public stock ticker changed and restructure company’s the public entity accordingly
with the sole purpose of eventual acquisition. As outlined in the SEC investor bulletin Reverse Mergers and illustrated in Figure 2, a RTO occurs when: Shareholders of the private operating company accumulate a majority of the public shell company’s outstanding shares Now, the private company’s shareholders have a controlling interest in the public shell company. At this point, typically the public company’s board of directors is replaced with that of the private company The public company’s assets and business operations now reflect those of the formerly private company (Optional) File to have the public company’s stock ticker changed and restructure the public entity accordingly