JB and ZJMY Holding Co (JBZY)

[Stock Farmer]

Interesting. DPOs, APOs and IPOs primer.

An IPO direct to NASDAQ requires a bunch more $$$$.

I think technically we would be considered a Direct Public Offering (DPO) when we reversed merged into DOLV and became a public company listed on OTCmarkets.

If we pursue one of these expedited options and list to NASDAQ, we may be considered an Alternative Public Offering (APO) or simply a firm commitment or bought deal (since we're not sure if PIPE funding is taking place yet).

The firm commitment underwriting or bought deal is associated with IPOs and APOs. APOs have the reverse merger distinction.

en.m.wikipedia.org/wiki/Alternative_public_offering

Alternative Public Offering

An alternative public offering (APO) is the combination of a reverse merger with a simultaneous private investment of public equity (PIPE). It allows companies an alternative to an initial public offering (IPO) as a means of going public while raising capital.

Overview

There are two parts that comprise an APO: the reverse merger and the PIPE. In the reverse merger, the private company becomes public by merging with or being acquired by a public “shell” company. The shell company is a public company that has no assets or liabilities. When the private company and public shell merge, the combined entity thereafter trades under the previously private company’s name rather than the shell company’s name as it did before.

https://en.m.wikipedia.org/wiki/Direct_public_offering


Direct Public Offering

A Direct Public Offering (DPO) is a method by which a business can offer an investment opportunity directly to the public.

Description

A DPO is similar to an initial public offering (IPO) in that securities, such as stock or debt, are sold to investors, but unlike an IPO, a company uses a DPO to raise capital directly and without a "firm underwriting" from an investment banking firm or broker-dealer. A DPO may have a sponsoring FINRA broker, but the broker does not guarantee full subscription of the offering. In a DPO, the broker merely assures compliance with all applicable securities laws and assists with organizing the offering. Following compliance with federal and state securities laws, a company can sell its shares directly to anyone, even non-accredited investors, including customers, employees, suppliers, distributors, family, friends and others.
...
A company that conducts a DPO does not thereby become a publicly-traded company, nor does it typically become subject to SEC reporting requirements. However, the company may subsequently register its stock to trade on a public market or over the counter.

https://en.m.wikipedia.org/wiki/Initial_public_offering

Initial Public Offering

Initial public offering (IPO) or stock market launch is a type of public offering in which shares of a company usually are sold to institutional investors[1] that in turn, sell to the general public, on a securities exchange, for the first time. Through this process, a privately held company transforms into a public company. Initial public offerings are mostly used by companies to raise the expansion of capital, possibly to monetize the investments of early private investors, and to become publicly traded enterprises. A company selling shares is never required to repay the capital to its public investors. After the IPO, when shares trade freely in the open market, money passes between public investors. Although IPO offers many advantages, there are also significant disadvantages, chief among these are the costs associated with the process and the requirement to disclose certain information that could prove helpful to competitors. The IPO process is colloquially known as going public.
Details of the proposed offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter.