TheGlobe.com Inc (TGLO)

[LexTrader]

Plus the fact that investors, retail an institutional, like to be in public companies whos financials are filed with the SEC and audited. Not so much private businesses that do not have to have audited filings. Many cos. that stay private eventually go public so the investors get a ROI, through selling equity in the private co.
So one way or the other Delfin goes through this shell, IPO or SPAC (not really needed since they have this shell)
The more reason to finance operations via publicly traded company with a RM