Reverse shell merger

Reverse shell merger

Acquisition of a publically listed shell company by a privately held company effectively making itself publically listed. Also see Going public through the backdoor..
References in periodicals archive ?
The dividend involves a total of 878,000 BarPoint shares and was agreed to at the time of a decision to combine Harmat with BarPoint in a reverse shell merger that became effective on June 3.
OTC Bulletin Board: BPNT), developer of a revolutionary new way of using the Internet to deliver product and comparative pricing information to consumers, today paid a dividend of 878,770 common shares to former owners of The Harmat Organization, which combined with BarPoint in a reverse shell merger on June 3.