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Re: rnb010 post# 12430

Tuesday, 10/24/2017 7:59:28 AM

Tuesday, October 24, 2017 7:59:28 AM

Post# of 19855
A reverse merger occurs when a public company that has NO BUSINESSES and USUALLY LIMITED ASSETS ACQUIRES a private company with a VIABLE business. The private company "reverse merges" into the already public company, which now becomes an entirely new operating entity and generally changes name to reflect the newly merged company's business. Reverse mergers are also commonly referred to as reverse takeovers, or RTO's.