August ← 2009 ← Reverse Merger & SPAC Blog

Tip of the Week: What of the Remaining SPACs?

Aug

2009

Unfortunately, it is difficult to complete a reverse merger transaction with those SPACs (special purpose acquisition companies) that have gone public, have money and are running out of time to complete a transaction under their rules. Why? Well I got the answer recently from a contact who owns several SPACs. I had a client determined to ...

Take Me Out…

Aug

2009

I took a break from reverse mergers, stagnant economy, rising unemployment, 144(i) and green sprouts to take my 7-year old son to a baseball game last night. A friend and business contact was kind enough to invite us. The seats were incredible, the hot dogs hot and the game delayed by a downpour representing the ...

Update on Effort to Remove "Evergreen" Requirement from Rule 144(i) 4

Aug

2009

Many have asked what is happening with our advocacy efforts with the SEC to follow up on the petition for a rulemaking with the SEC that I filed along with eight other law firms back in October 2008. As most of you know, the changes to Rule 144 effected in February 2008 included a provision, which ...

A True Worldwide Reach – You Come from 127 Countries!

Aug

2009

Occassionally we take a look at who is visiting this humble blog. In the last year in particular, your geography has become quite diverse. Yes, visitors to the Reverse Merger & SPAC Blog have come by from 127 different countries, according to the very cool analytic tool that Google provides. Who is the most? Of ...

Tip of the Week: Investing in Shell Stocks 3

Aug

2009

A client recently asked if he should consider buying the publicly trading stocks of shell companies. After all, he pointed out, anyone who put money into the shell that became CKX, Inc., now the owner of American Idol and rights to Elvis and Muhammad Ali, at the time Bob Sillerman bought the shell, made about ...

Cougar Biotech – Wow! 2

Aug

2009

In a great victory for the reverse merger world and Form 10 shells, as reported in the Reverse Merger Report, Cougar Biotechnology was sold recently to Johnson & Johnson through a tender offer for $1 billion! OK, maybe that doesn’t seem like much compared to Obama’s stimulus package, but it is! Cougar was backed by ...

Tip of the Week: Speeding a Self-Filing

Aug

2009

More and more companies contemplating going public are, appropriately, choosing the “self-filing” approach over a reverse merger with a shell. There are many situations that make sense as I laid out in my book. One of the main drawbacks with a self-filing is it can often take longer than a shell merger, and is subject ...