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Saturday, March 21, 2020 11:28:04 PM
The New York Stock Exchange did a reverse merger with the acquisition of Archipelago Holdings March 2006, and the new company's name was called "NYSE Group Inc..
Then NYSE Group Inc. merged with a company called "EURONEXT" (European Stock Exchange) in April 2007 via a "Double Dummy" reverse merger to form the "First Global Securities Exchange".
Keep in mind that all RM's are not all bad. Shell must be squeaky clean. Not tarnished by shareholder law suits or pump and dump schemes. RM's don't always end up on the NASDAQ, but if the new owners keep the shareholders updated with plenty of PR's that include transitional information, quality business acquisition(s), and on time 8-10k's, these could assist the new company in achieving NASDAQ status.
(IMO) CLSI has most, if not all the above requirements supported by a rather large share structure that could assist in making this work, provided the new management can/will work its magic. (Dr. Doki has shown that he can structure a very savvy contract with Hyperion) In addition, some believe that Reverse Shell Mergers may become the preferred IPO approach.
GO - CLSI
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