https://en.m.wikipedia.org/wiki/Reverse_takeover
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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.[1] The transaction typically requires reorganization of capitalization of the acquiring company.[2]Sometimes, conversely, the private company is bought by the public listed company through an asset swap and share issue.[3]