Law Blog Category: Articles of Incorporation
Completing A Name Change Without Shareholder Approval
Reverse Mergers Hinge on Due Diligence and Cleaning Up Public Shells
October 01, 2009 in Articles of Incorporation, Due Diligence, Going Public, PCAOB Auditing, Public Shell Company, Reverse Mergers, Section 16
When a publicly traded company “goes dark” and becomes delinquent in its filing requirements, it generally becomes a public shell and is no longer quoted on the Over the Counter Bulletin Board Exchange (OTCBB). However, with the assistance of an experienced securities attorney, the shell company can be restored so that a merger candidate can be introduced.