It will basically be a empty shell company which will proably be worthless but it is still a public company that they could do several things with like open a company under it, even have another non-public company do a reverse merger into it, or just disolve it.
Either way we end up with the new behl with less share but more money which I will take anything. It is much better to have a stock that is valued at .50 than .05 any day. IMO