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Re: 77Port post# 29

Wednesday, 03/10/2021 1:08:33 PM

Wednesday, March 10, 2021 1:08:33 PM

Post# of 50
Sure. Glad to elucidate. There's the company that is acquired. Then the company wishing to become publicly traded, "reverse merges" into that company. That's what a SPAC company does. Acquires the dormant company, files the paperwork to gain custodianship. Then, merges the new company into the dormant company. Of course it takes several months to go through this process.

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