Great find! This company Belisarian Holdings states that it "specializes in the rehabilitation of defunct public corporations and the restoration of shareholder value on the OTC Market."
Belisarian Holdings facilitates the going public process through reverse merger opportunities. Accessing the public markets via a reverse merger offers a liquidity event and enables companies to access quicker and more favorable financing.
Reverse mergers are more cost-effective and time-efficient than traditional IPOs, saving millions of dollars and multiple years. Moreover, reverse mergers are more attractive than direct listings because organic interest exists prior to the injection of the private asset into the public vehicle, making it easier for a market to form. Ultimately, reverse mergers enable low-and middle-market companies to reap benefits usually reserved for their larger peers."
"The Process
Custodians are activist shareholders. We identify suitable defunct corporations and petition the courts in the state where the corporations are headquartered to award us certain powers. The powers accompanying a successful petition include the right to appoint interim directors, settle arrears, and hold shareholder meetings.
Once the corporation is viable, we vet private companies seeking the benefits of a public listing. A reverse merger transaction is consummated once the shares issued to Belisarian by the public vehicle in exchange for the work done by Belisarian in cleaning said vehicle are transferred to the private entity."
Since an announcement on September 14, 2025 that they were trawling for suitable companies, they announced progress on 2 on October 3 and October 18.
If the $IJJP CEO has retired or passed away, it may be that the ticker can be considered abandoned since they have been no filings since that for late filing of the Annual Report to October 31, 2024 submitted January 30, 2025.
Market Data 
Markets 
AI
