Illegal Burger goes public in reverse acquisition Company plans to raise equity for growth and launch franchising
The parent to the fast-casual Illegal Burger + Bar chain has become a publicly traded company through a reverse acquisition
Nixon Restaurant Group Inc., or NRG has completed a reverse acquisition with West Coast Ventures Group Corp., a company that developed online games. NRG took over the corporate entity, but it will no longer be in the Internet gaming business.
The combined company trades on the OTC Markets under the symbol WCVC.
James Nixon, NRG’s CEO, said in a statement, “Becoming a public company is going to help propel us into a national brand, and this reverse takeover places us in an even stronger position to branch out into new markets.”
Illegal Burger completes merger with former oil pipeline company Deal could create opportunities for two-unit brand to expand
The parent to the two-unit Illegal Burger concept has completed a reverse merger with Nexus Energy Services Inc., the company said Friday.
The entity is now the publicly traded Illegal Restaurant Group Inc.
Nexus Energy was a mid-level provider of oil pipelines and other services as a small, over-the-counter, publicly traded company.
But, in part because of the downturn in oil prices, Nexus decided to exit that business to move into the restaurant industry, said Jim Nixon, now president and CEO of Illegal Burger Restaurant Group.
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