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Pink Sheet Shell

A public shell company whose shares trade on the Pink Sheets, i.e., it is listed by the National Quotation Bureau…

Reverse Acquisition

The acquisition of public shell companies. It occurs when a private operating company acquires a public shell company which has…

Reverse Merger

A merger with public shell companies. It is the merger of a private operating company into a public shell company…

Backdoor Listing

A method of going public by merging with a public shell company. An unlisted company can become publicly traded through…

Bankrupt Shell Company

A public shell company that has been formed either through issuance of shares following a bankruptcy (these shares are publicly...

OTCBB Shell Company

OTCBB stands for over-the-counter bulletin board. An OTCBB public shell is a public shell company that fully reports to the...

Shell Merger

A merger with public shell companies. Shell mergers are typically reverse mergers effected with a publicly held company that has...

Reverse Triangular Merger

A reverse merger in which the public shell company forms a new shell subsidiary (wholly owned subsidiary), which is merged...

Public Shell Company

A company that has shareholders but has no minimal assets on its balance sheet and doesn't achieve a minimal amount...