Re:Nikola stock craters after cancellation of major garbage ...
by JumpCrisscross on Friday December 25, 2020 @05:24AM
(#25535589)
> An amusing example of this: a pharma startup wanted to sell shares to raise money for drug development, so they bought a tiny Las Vegas concession vendor called Fun City Popcorn that was already public and then merged with them
This is a reverse merger. SPACs, or blank-cheque companies, involve a reverse merger. But they’re a specialised case of them.
This is a reverse merger. SPACs, or blank-cheque companies, involve a reverse merger. But they’re a specialised case of them.