The WRASP: The Smartest Ideas are the Simplest

Congratulations to my client Rick Rappaport and his team at WestPark Capital in LA. They have pioneered a new structure to take companies public without an IPO, without a trading shell, without a self-filing and moving from being private directly to trading on the American Stock Exchange. Dubbed a “WRASP,” the structure is very straightforward. ...

Yes We Have a New Name

What’s in a name? Well according to my web advisors, a whole bunch of clicks, hits, whatever they call people having more exposure to our humble blog. But in changing our name to the “Reverse Merger & SPAC Blog” there is more than just traffic building in mind. As you may have discerned from several ...

Tip of the Week: When does a self-filing make sense?

The following definition is taken from my book: a self-filing is the process by which a private company may seek a public trading market for its securities without an IPO or a reverse merger, by completing its own filings with the SEC either to resell securities held by shareholders or to voluntarily become a reporting ...

Go Denver!

I spent this week visiting clients and contacts in Los Angeles and Denver. I have written before about the burgeoning technology and media sector in LA being underserved by a paucity of capital sources in the City of Angels. Having made my very first visit to Denver, other than the really cold winters (not my ...

Tip of the Week: Paperwork When Flipping a Shell

A number of our clients have given up control of their shells to third parties. Sometimes it happens when the creator of a Form 10 “virgin” shell is approached to simply transfer ownership for a price. Other times it happens in connection with a relationship with a third party with whom the shell controller wants ...