Jan. 13 at 7:04 PM
$VGLS here’s something worth mentioning (some idiots over at Ihub are losing it lol).
I asked ChatGPT to lis notable companies that starting trading through a reverse merger with a shell company that was trading on the OTC market :
Reverse mergers, where a private company acquires a public company (typically a shell company) to bypass the lengthy and expensive process of going public, have been a strategic pathway for many firms. Here’s a list of notable companies that have entered the market through reverse mergers with shell companies trading on the OTC market:
### Notable Companies via Reverse Mergers:
1. **BurgerFi International**
- **Year:** 2020
- **Details:** Merged with a public shell company to expand its footprint in the fast-casual dining sector.
2. **Naked Brand Group**
- **Year:** 2019
- **Details:** This company, known for its swimwear and intimate apparel, went public through a reverse merger, allowing it to access public capital markets.