Shell Hijackings

[janice shell]

There's another possible factor. The SEC is currently considering requiring a new Form 211 when a shell does a reverse merger. There's not yet a proposed rule, but Jay Clayton has said there's likely to be one soon. Though there'd be the usually delays while they thought about it, it's likely to go through.

And that will mean much more scrutiny of the companies involved in the merger, and the people involved with them.