$SCRCQ is starting to get some eyes from the investment community due to a potential reverse merger. Currently the stock is a shell (A Shell Company is a company, other than an asset-backed issuer, with no or nominal operations and either 1) no or nominal assets; 2) assets consisting of cash and cash equivalents; or 3) assets consisting of any amount of cash and cash equivalents and nominal other assets, as defined by Securities Act Rule 405 and Exchange Act Rule 12b-2. SEC reporting companies designate their shell status in their periodic filings).
Example:
A company like $DANR with only a 500M AS and clean is already attracting private companies seeking to go public through a reverse merger. Bitcoin and Cannabis are the hottest sectors now. Private Bitcoin company OKC Holdings Corp, is looking for a vehicle (A Shell) like DANRto go public to avoid going through the complexities and regulatory intricacies of an official IPO.