It’s called a reverse merger, clearance.co is a huge revenue producer with attractive growth, they are now public thanks to the merger.
Now they are free to raise capital and provide their investors with liquidity and flexibility.
This is done every day by company's big and small including Apple and Facebook.
You can tell this is not a pump and dump due to the majority of shares being restricted, they are looking to grow a company not dump stock, they cant dump what they cant sell.
The company has audited financials showing profits and growth, also the CEO has an amazing track record.
There are plenty of company's that started this way and have up-listed to the NASDAQ.
