It is just a lot quicker and vastly cheaper to bring a company public through a R/M. It isn’t like PAOG and Karl got together and said this would be a perfect fit for our two companies. That’s why clean shells are so valuable and people speculate so much on their potential value
Reverse takeover. A reverse takeover or reverse merger takeover (reverse IPO) is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public.